CLS Holdings PLC

Remuneration Information • Jul 3, 2019

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RNS Number : 4019E

CLS Holdings PLC

03 July 2019

CLS Holdings plc

(the "Company")

Notification of Transaction of Directors, Persons Discharging Managerial Responsibilities ("PDMR") or Persons Closely Associated

CLS Holdings plc Performance Incentive Plan ("PIP")

On 2 July 2019, the Remuneration Committee granted Mr Andrew Kirkman, Chief Financial Officer and Director of the Company, the following Awards over ordinary shares of 2.5 pence each in the capital of the Company under Element B of the PIP in the form of conditional share awards. These Awards form part of his recruitment remuneration in relation to the buying out on a fair value basis of his long-term incentive awards lapsing on leaving his previous employment:

Award	Number of Shares subject to the Award	Vesting Date
2017 Award	68,523	5 April 2020
2018 Award	56,305	5 April 2021

The key terms of the Awards made under Element B of the PIP are:-

-     Awards will vest as above 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 Remuneration Policy, together with details of Mr Kirkman's recruitment remuneration, 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.

Notification of Dealing Form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name(s)	Andrew Kirkman
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	Ordinary Shares of CLS Holdings Plc of 2.5 pence each. Identification code: GB00BF044593
b)	Nature of the transaction	Grant of conditional share awards under the CLS Holdings plc Performance Incentive Plan.
c)	Price(s) and volume(s)	Price Nil	Volume 68,523 (2017 Award) 56,305 (2018 Award)
d)	Currency	GBP - British Pound
e)	Aggregated information	N/A
f)	Date of the transaction	2 July 2019
g)	Place of the transaction	Outside a trading venue

Enquiries:

David Fuller

Company Secretary

CLS Holdings plc

LEI: 213800A357TKB2TD9U78

Tel: +44 (0) 20 7582 7766

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 rns@lseg.com or visit www.rns.com.

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