CLS Holdings PLC Compliance with Listing Rule 9.2.2A (1196X)
November 14 2014 - 10:01AM
UK Regulatory
TIDMCLI
RNS Number : 1196X
CLS Holdings PLC
14 November 2014
CLS Holdings plc (the "Company")
Notification of compliance with Listing Rule 9.2.2AR
The Company announces that it has entered into a written and
legally binding relationship agreement with its controlling
shareholder, Victoria Investment Holdings Limited ("VIHL") (the
investment vehicle for The Sten Mortstedt's Family and Charity
Trust (the "Trust") in which Sten Mortstedt, the Company's
Executive Chairman has a beneficial interest).
The relationship agreement addresses the requirements applicable
to companies with controlling shareholders, imposed by LR 9.2.2AR
of the Listing Rules.
VIHL holds 21,693,829 ordinary shares of 25 pence each in the
Company ("Ordinary Shares") representing 50.54% of the issued share
capital (excluding Ordinary Shares held in treasury).
Further, the Company has been notified today that Mr Mortstedt
is no longer interested in 273,697 Ordinary Shares that were held
by, or for the benefit of, a Connected Person. Accordingly, Mr
Mortstedt's interest in Ordinary Shares is limited to the
21,693,829 Ordinary Shares held by VIHL.
Enquiries:
David Fuller
Company Secretary
CLS Holdings plc
020 7582 7766
This information is provided by RNS
The company news service from the London Stock Exchange
END
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