Business
Close Period Share Purchase
Close Period Share Purchase.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nRelease date: 30 June 2008\n\n CLS HOLDINGS PLC \n\n (\"CLS\") \n\n PURCHASES OF SHARES IN CLOSE PERIOD \n\nCLS Holdings plc announces that it has appointed an independent third party\nwhich makes its trading decisions in relation to the ordinary shares of CLS\nindependently of, and uninfluenced by, CLS to purchase on CLS' behalf, and\nwithin certain pre-set parameters, ordinary shares in CLS during the period\ncommencing on the date of this announcement and ending on the publication of\nCLS' half-yearly financial report for the period ending 30 June 2008 or, if\nearlier, termination of the appointment (during which period CLS and its\ndirectors, officers and employees would normally otherwise be prohibited from\ntransacting in CLS ordinary shares).\n\nAny share purchases effected pursuant to the appointment will in any case be\neffected in a manner consistent with both the general authority vested in CLS\nto repurchase shares and Chapter 12 of the Listing Rules, which require that\nthe maximum price per share paid be limited to no more than 105 per cent of the\naverage middle market closing price of CLS' ordinary shares for the five\ndealing days preceding the date of purchase, subject to a maximum price of\n375p. Any purchases effected pursuant to this appointment will be announced in\naccordance with the Listing Rules.\n\n -ends- \n\nFor further information, please contact:\n\nSten Mortstedt, Executive Chairman\n\nHenry Klotz, Chief Executive Officer\n\nCLS Holdings plc\n\nTel. +44 (0) 20 7582 7766\n\nwww.clsholdings.com\n\n\n \n ","length":1793,"tagName":"div"}]