CLS Holdings PLC

Remuneration Information • Apr 28, 2017

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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 5th 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 instrument

Identification code

Ordinary shares of CLS Holdings plc of 25 pence each

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
-	Price

12,686 ordinary shares of 25 pence each

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 instrument

Identification code

Ordinary shares of CLS Holdings plc of 25 pence each

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
-	Price

8,085 ordinary shares of 25 pence each

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

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