CLS Holdings PLC

Major Shareholding Notification • Apr 28, 2016

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RNS Number : 7112W

CLS Holdings PLC

28 April 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				CLS Holdings plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Sten Mortstedt (indirect holder of voting rights)
4. Full name of shareholder(s)  (if different from 3.):iv		Creative Value Investments I Limited Creative Value Investments II Limited Creative Value Investments III Limited, (together, the "CVIs")
5. Date of the transaction and date on which the threshold is crossed or reached: v		28 April 2016
6. Date on which issuer notified:		28 April 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Above 50%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
GB0001592475	21,369,429			21,369,429			Nil				Nil				0%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
0								0%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The following undertakings, which immediately before the transaction were each directly held and beneficially by Sten Mortstedt, directly hold the following number of shares in the issuer: Creative Value Investment I Limited: 8,153,810 (19.34%) Creative Value Investment II Limited: 6,094,828 (14.46%) Creative Value Investment III Limited: 7,120,791 (16.89%) Total: 50.70%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Sten Mortstedt has transferred all of his shareholdings in the CVIs to Creative Value Investment Group Limited ("CVIG") in consideration for the issue of shares in CVIG to Sten Mortstedt.  Immediately following that transaction, Sten Mortstedt settled his entire shareholding in CVIG into The Sten and Karin Mortstedt Family & Charity Trust. The beneficial interest of Sten Mortstedt in the issuer remains unchanged as a result of these transactions.
14. Contact name:	Peter Zonabend
15. Contact telephone number:	+41 81 252 55 47

This information is provided by RNS

The company news service from the London Stock Exchange

END

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