CLI Cls Holdings Plc

TIDMCLI

RNS Number : 1296O

CLS Holdings PLC

16 September 2013

   Release date:                16 September 2013 
   Embargoed until:            Immediate Release 

CLS Holdings plc

("CLS", the "Company" or the "Group")

Press comment in relation to the Co-operative Bank plc bondholders

CLS confirms that it holds an interest in Co-operative Bank plc (the "Bank") bonds amounting to GBP4.3 million nominal, which it has accumulated over time at an aggregate cost below par. CLS has written to the Bank expressing a number of concerns about the approach being taken in relation to its provisioning and restructuring. CLS, along with other bondholders, believes that a committee should be established to enable a dialogue amongst all stakeholders before the Bank finalises its restructuring proposal.

-ends-

For further information, please contact:

   CLS Holdings plc                                                         +44 (0)20 7582 7766 

www.clsholdings.com

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

   Liberum Capital Limited                                             +44 (0)20 3100 2222 

Tom Fyson

   Charles Stanley Securities                                          +44 (0)20 7149 6000 

Mark Taylor

   Kinmont Limited                                                          +44 (0)20 7087 9100 

Jonathan Gray

   Smithfield Consultants (Financial PR)                         +44 (0)20 7903 0669 

Alex Simmons

This information is provided by RNS

The company news service from the London Stock Exchange

END

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