CLS Holdings PLC Director/PDMR Shareholding (7397D)
28 April 2017 - 11:52PM
UK Regulatory
TIDMCLI
RNS Number : 7397D
CLS Holdings PLC
28 April 2017
CLS Holdings plc
(the "Company")
Notification of Directors/PDMR interest in shares
CLS Holdings plc 2017 Performance Incentive Plan ("PIP")
At the Company's annual general meeting held at 10 a.m. on 26
April 2017 (the "AGM"), shareholders approved the Annual
Remuneration Report, Remuneration Policy and the PIP. The
Remuneration Committee subsequently adopted the PIP.
Grant of Awards
On 26 April 2017, the Remuneration Committee granted the
following Awards over ordinary shares of 25 pence each in the
capital of the Company under Element B of the PIP in the form of
conditional share awards. The Awards were made following the
Committee's determination of the level of satisfaction of the Key
Performance Targets for the 2016 financial year as set out in the
2016 Annual Report and Accounts.
Participant Number of Shares subject
to the Award
Fredrik Widlund 12,686
John Whiteley 8,085
The key terms of the Awards made under Element B of the PIP
are:-
-- Awards will vest on the third anniversary of the award date
provided that the participant remains employed by the Company,
and
-- no shares subject to Awards (apart from those sold to meet
any tax liability) can be sold prior to the 5(th) anniversary of
the award date.
Full details of the PIP are set out in the Company's Notice of
the AGM and the 2016 Annual Report and Accounts, which are
available at www.clsholdings.com
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Fredrik Widlund
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name CLS Holdings plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800A357TKB2TD9U78
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of CLS Holdings plc of 25 pence each
instrument
Identification code GB0001592475
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of conditional share award under the CLS
Holdings plc 2017 Performance Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 12,686
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume 12,686 ordinary shares of 25 pence each
- Price
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 26 April 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name John Whiteley
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name CLS Holdings plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800A357TKB2TD9U78
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of CLS Holdings plc of 25 pence each
instrument
Identification code GB0001592475
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of conditional share award under the CLS
Holdings plc 2017 Performance Incentive Plan
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 8,085
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume 8,085 ordinary shares of 25 pence each
- Price
Nil consideration
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 26 April 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
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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