Release date: 27 July 2018
Embargoed until: Immediate release
CLS Holdings plc
("CLS")
Proposed early redemption of
£65 million 5.50 per cent. Bonds due 2019
(the "Bonds")
On 29 June 2018, CLS announced that it had exercised its option to redeem early all of the outstanding Bonds (ISIN: XS0820711215) pursuant to Condition 5(c) of the terms and conditions of the Bonds (the "Conditions").
CLS announces that the redemption price per Bond, which was calculated at 11.00 a.m. today in accordance with Condition 5(c) of the Conditions is £105.745977 per £100 in principal amount of the Bonds inclusive of accrued interest and the aggregate redemption price of the Bonds excluding any accrued interest is £68,442,385.05. CLS will fully redeem all of the Bonds outstanding on 31 July 2018.
-ends-
For further information, please contact:
CLS Holdings plc
www.clsholdings.com
Fredrik Widlund, Chief Executive Officer
John Whiteley, Chief Financial Officer
+44 (0)20 7582 7766
Liberum Capital Limited
Richard Crawley
Jamie Richards
+44 (0)20 3100 2222
Whitman Howard
Hugh Rich
+44 (0)20 7659 1261
Elm Square Advisers Limited
Jonathan Gray
+44 (0)20 7823 3695
Smithfield Consultants (Financial PR)
Alex Simmons
+44 (0)20 3047 2476
Disclaimer
The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"). Subject to certain exceptions, the Bonds may not be offered, sold or delivered in the US or to or for the account of US persons (as defined in Regulation S under the Securities Act).
This announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy shares, the Bonds or other securities of CLS (the "Securities") in any jurisdiction. This announcement and the fact of its distribution is not and should not be seen as an inducement in relation to a decision to purchase Securities. Investors should not subscribe for or purchase any Bonds except on the basis of information contained in the Prospectus published by CLS, a copy of which can be found at http://www.clsholdings.com/en/ir/BondInformation/ukbond or on the London Stock Exchange website.
