23rd May 2006 16:38
For immediate release: 23 May 2006NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN CLS Holdings plc ('CLS' or 'the Company') Proposed purchase of 1 in every 42 Ordinary Shares at 640 pence per share by way of a tender offer ('the Tender Offer') Result of AGM and Tender Offer At the Annual General Meeting of the Company held at 2.00 p.m. today, all theresolutions set out in the Tender Offer document and notice of AGM dated 26April 2006 were duly passed.The board of CLS is also pleased to confirm that the Company's recent TenderOffer, as described in the Tender Offer document dated 26 April 2006, is nowclosed, having received acceptance for the Tender Offer in full by itsshareholders. Tenders for up to and including the pro rata entitlement will bemet in full. Tenders received for Ordinary Shares in excess of the pro rataentitlement will be satisfied at the rate of 0.00601450 Ordinary Shares foreach excess Ordinary Share tendered over and above the pro rata entitlement,rounded down to the nearest whole share. The Ordinary Shares purchased by theCompany pursuant to the Tender Offer will be held by the Company as treasuryshares.A copy of the resolutions passed at the Annual General Meeting will besubmitted to the UK Listing Authority and will shortly be available forinspection at:Document Viewing FacilityFinancial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HSTelephone: +44 (0) 20 7066 1000Enquiries:CLS Holdings plcSten Mortstedt, Executive ChairmanTelephone: +44 (0)20 7582 7766Steven Board, Chief Operating OfficerTelephone: +44 (0)20 7582 7766ENDCLS HOLDINGS PLCRelated Shares:
CLS Holdings