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CLS Holdings PLC (CLI)

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Monday 02 September, 2019

CLS Holdings PLC

Shareholding in Catena AB

RNS Number : 9538K
CLS Holdings PLC
02 September 2019
 

Release date:                2 September 2019

Embargoed until:            16.31 BST

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

CLS Holdings plc

("CLS")

 

Shareholding in Catena AB

 

 

THIS DOCUMENT IS FOR THE USE OF THE INTENDED RECIPIENT ONLY AND SHOULD NOT BE COPIED OR DISTRIBUTED TO ANY OTHER PERSON. NOT FOR DISTRIBUTION IN OR INTO THE U.S. (OR TO U.S. PERSONS) ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER U.S. SECURITIES ACT OF 1933, AS AMENDED, OR IN ANY OTHER JURISDICTION IF SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.

 

 

CLS announces that ABG Sundal Collier has been engaged by Endicott Sweden AB, a wholly-owned subsidiary of CLS, to explore the opportunity to sell up to 3,971,349 shares in Catena AB ("Catena") (the "Contemplated Placement").  A sale of 3,971,349 shares would represent CLS's entire shareholding in Catena.

 

The price per share in the Contemplated Placement will be determined through an accelerated bookbuilding process. The process commences today, 2 September 2019 at 16.31 BST/17.31 CEST and may be terminated at any time on short notice.

 

ABG Sundal Collier AB is acting as sole bookrunner in connection with the Contemplated Placement.

 

 

-ends-

 

For further information, please contact:

 

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com

Fredrik Widlund, Chief Executive Officer

Andrew Kirkman, Chief Financial Officer

+44 (0)20 7582 7766

 

Liberum Capital Limited

Richard Crawley

Jamie Richards

+44 (0)20 3100 2222

 

Whitman Howard

Hugh Rich

+44 (0)20 7659 1261

 

Elm Square Advisers Limited

Jonathan Gray

+44 (0)20 7823 3695

 

Smithfield Consultants (Financial PR)
Alex Simmons

Rob Yates

+44 (0)20 3047 2546

 

 

Important information

 

Release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions according to law and people in those jurisdictions, in which this press release has been announced or distributed, should inform themselves of and follow such legal restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Catena in any jurisdiction.

 

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. The information in this press release may not be announced, published or distributed to the United States, Canada, Australia, South Africa, Japan, Hong Kong, Switzerland, Singapore, New Zealand or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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