13th Nov 2007 15:37
13 November 2007
NOT 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 2 in every 91 Ordinary Shares at 600 pence per share by way of a tender offer ('the Tender Offer') Result of Extraordinary General Meeting and Tender Offer
At the Extraordinary General Meeting of the Company held at 2.00 p.m. today, the resolution set out in the Tender Offer document and notice of EGM dated 16 October 2007 were duly passed unanimously by a show of hands. The votes of those lodged by proxy were as follows:
Resolution Votes for Votes Votes against withheld 1 To authorise the Company to make market 50,966,081 1,392 142,889 purchases pursuant to the Tender Offer
Notes
1. The "for" vote includes those giving the Chairman discretion.
2. Votes "withheld" are not counted when deciding if a resolution is carried.
3. The total number of the Company's ordinary shares in issue, excluding shares held in treasury, at the time of this announcement was 70,451,992.
The board of CLS is also pleased to confirm that the Company's recent Tender Offer, as described in the circular to shareholders dated 16 October 2007, is now closed, having received acceptance for the Tender Offer in full by its shareholders. Tenders for up to and including the pro rata entitlement will be met in full. Tenders received for excess Ordinary Shares will be subject to scale back at the rate of 0.00479563 Ordinary Shares for each excess Ordinary Share tendered over and above the pro rata entitlement, rounded down to the nearest whole share. The Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled.
A copy of the resolution passed under special business at the Extraordinary General Meeting will be submitted to the UK Listing Authority and will shortly be available for inspection at:
Document Viewing FacilityFinancial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HS
Telephone: +44 (0) 20 7066 1000
Enquiries:
CLS Holdings plc
Sten Mortstedt, Executive Chairman +44 (0) 20 7582 7766
Steven Board, Chief Operating Officer +44 (0) 20 7582 7766
CLS HOLDINGS PLCRelated Shares:
CLS Holdings