3rd Feb 2006 14:49
Immediate release: 3 February 2006 CLS Holdings plc ("CLS") Update Re. Investment in The UK Cable Business CLS announces that Wight Cable Limited, the Isle of Wight basedtelecommunications and television company, in which CLS has a 75 per centinterest, completed the sale of its business and substantially all of itsassets.The business and assets of the other CLS cable investment, Wight Cable NorthLimited which is a wholly owned subsidiary of CLS, have also been sold.The net proceeds to the above cable companies resulting from these disposalsamounted to ‚£0.6 million.Executive Chairman Sten Mortstedt commented:"I am pleased that the business and assets of these companies, which were notcompatible with our operations, have now been successfully sold." -ends- For further information, please contact:Sten Mortstedt, Executive ChairmanPer Sjƒ¶berg, Chief Executive OfficerSteven Board Chief Operating OfficerCLS Holdings plcwww.clsholdings.comTel. +44 (0)20 7582 7766Adam Reynolds/Ben SimonsHansard CommunicationsTel. +44 (0)20 7245 1100 ENDCLS HOLDINGS PLCRelated Shares:
CLS Holdings