16th Mar 2007 16:25
For Immediate Release: 16 March 07
CLS HOLDINGS PLC ("CLS") UPDATE RE: BULGARIAN LAND DEVELOPMENT PLC ("BLD")
Further to our announcement of 20 February 2007 and following the Extraordinary General Meeting held by Bulgarian Land Development plc on Wednesday 14 March to approve the Placing of 15 million ordinary shares, CLS is pleased to announce that it has acquired 7,211,787 ordinary shares in BLD at ‚£1 each. Accordingly CLS is now interested in 11,461,787 or 28.65% of the issued share capital of BLD.
CLS is also pleased to confirm that its Chief Executive Officer, Per SjĦberg, has been appointed as Non-Executive Chairman of BLD.
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For further information, please contact:
Sten Mortstedt, Executive Chairman
Per SjĦberg, Chief Executive Officer
CLS Holdings plcwww.clsholdings.comTel. +44 (0) 20 7582 7766Ben Simons/Adam ReynoldsHansard Group plcTel. +44 (0)207 245 1100
CLS HOLDINGS PLCRelated Shares:
CLS Holdings