RNS Number : 7112W
CLS Holdings PLC
28 April 2016
 

 

 

 

 

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 

 

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii

CLS Holdings plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify):

 

 

3. Full name of person(s) subject to the
notification obligation: iii

Sten Mortstedt

(indirect holder of voting rights)

4. Full name of shareholder(s)
 (if different from 3.):iv

Creative Value Investments I Limited

Creative Value Investments II Limited

Creative Value Investments III Limited,

 

(together, the "CVIs")

 

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

28 April 2016

6. Date on which issuer notified:

28 April 2016

7. Threshold(s) that is/are crossed or
reached: vi, vii

Above 50%

      
 

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

 

GB0001592475

21,369,429

21,369,429

Nil

 

Nil

 

0%

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

 

 

 

 

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

 

 

 

 

Nominal

Delta

 

 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0%

                 
 

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

 

The following undertakings, which immediately before the transaction were each directly held and beneficially by Sten Mortstedt, directly hold the following number of shares in the issuer:

 

Creative Value Investment I Limited: 8,153,810 (19.34%)

Creative Value Investment II Limited: 6,094,828 (14.46%)

Creative Value Investment III Limited: 7,120,791 (16.89%)

 

Total: 50.70%

 

Proxy Voting:

10. Name of the proxy holder:

 

11. Number of voting rights proxy holder will cease
to hold:

 

12. Date on which proxy holder will cease to hold
voting rights:

 

 


13. Additional information:


Sten Mortstedt has transferred all of his shareholdings in the CVIs to Creative Value Investment Group Limited ("CVIG") in consideration for the issue of shares in CVIG to Sten Mortstedt.  Immediately following that transaction, Sten Mortstedt settled his entire shareholding in CVIG into The Sten and Karin Mortstedt Family & Charity Trust. The beneficial interest of Sten Mortstedt in the issuer remains unchanged as a result of these transactions.

 

14. Contact name:

Peter Zonabend

15. Contact telephone number:

+41 81 252 55 47

   

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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