CLS Holdings PLC — M&A Activity 2013

Nov 25, 2013

National Storage Mechanism | Additional information

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RNS Number : 7856T

CLS Holdings PLC

25 November 2013

Release date:                25 November 2013

Embargoed until:            07.00

CLS Holdings plc

("CLS", the "Company" or the "Group")

completes the acquisition of the outstanding Neo Portfolio leasehold interests

Further to the announcement made on 16 September 2013 regarding the acquisition of 34 UK properties for £118.6 million, CLS is pleased to confirm that it has received landlord's consent on, and subsequently completed the purchase of, the outstanding four long leasehold properties.  The four properties comprised £12.75 million of the original purchase price, and income from them has accrued to CLS from the original date of purchase on 13 September 2013.

-ends-

For further information, please contact:

CLS Holdings plc                                                         +44 (0)20 7582 7766

www.clsholdings.com   

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

Liberum Capital Limited                                             +44 (0)20 3100 2222

Tom Fyson

Charles Stanley Securities                                          +44 (0)20 7149 6000

Mark Taylor                                                                  

Kinmont Limited                                                          +44 (0)20 7087 9100

Jonathan Gray

Smithfield Consultants (Financial PR)                         +44 (0)20 7903 0669

Alex Simmons

This information is provided by RNS

The company news service from the London Stock Exchange

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