CLS Holdings PLC Share Subdivision Timetable (4488D)
27 April 2017 - 1:02AM
UK Regulatory
TIDMCLI
RNS Number : 4488D
CLS Holdings PLC
26 April 2017
CLS Holdings plc
(the "Company")
Share Subdivision Timetable
Following the approval by shareholders of the subdivision of the
Company's existing Ordinary Shares of 25 pence each ("Existing
Ordinary Shares") into new Ordinary Shares of 2.5 pence each ("New
Ordinary Shares") at its Annual General Meeting held today, the
Company confirms the timetable for the subdivision as set out
below:
Subdivision timetable
Last dealing day of Existing Ordinary Shares: 5 May 2017
Record date for the subdivision 6pm on 5 May 2017
First dealing day of New Ordinary Shares: 8 May 2017
New Ordinary Shares credited to CREST accounts 8 May 2017
Certificates for New Ordinary Shares despatched by 22 May 2017
Information on shares
Existing Ordinary Shares
Shares expected to be in issue immediately prior to the subdivision 40,739,576
Number of shares held in treasury immediately prior to the subdivision 3,138,202
Existing Ordinary Shares ISIN: GB0001592475
Existing Ordinary Shares SEDOL: 0159247
New Ordinary Shares
Shares expected to be in issue immediately after the subdivision 407,395,760
Number of shares held in treasury immediately after the subdivision 31,382,020
New Ordinary Shares ISIN: GB00BF044593
New Ordinary Shares SEDOL: BF04459
It is expected that the share subdivision will become effective
at 8.00 am on Monday 8 May 2017 (the "Effective Date"). On the
Effective Date, the Official List of the UKLA will be amended to
reflect the share subdivision.
The New Ordinary Shares will be in registered form and maybe
held in certificated or uncertificated form. Following the
subdivision becoming effective, share certificates in respect of
the Existing Ordinary Shares will cease to be valid and will be
cancelled.
New certificates in respect of the New Ordinary Shares will be
issued to those shareholders who hold their Existing Ordinary
Shares in certificated form, and are expected to be dispatched, at
the risk of shareholders, within 10 Business Days from the
Effective Date.
Share certificates in respect of Existing Ordinary Shares should
be destroyed upon receipt of such new certificates. No temporary
documents of title will be issued. Transfers of New Ordinary Shares
after 5 May 2017 but before the dispatch of new certificates will
be certified against the register of members of the Company.
Enquiries
David Fuller
Company Secretary
CLS Holdings plc
+44 (0)20 7582 7766
This information is provided by RNS
The company news service from the London Stock Exchange
END
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