Business
Proposed early redemption of bonds due 2019
Proposed early redemption of bonds due 2019.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0446W CLS Holdings PLC 27 July 2018 \n\n \nRelease date: 27 July 2018\nEmbargoed until: Immediate release\n \n \nCLS Holdings plc\n(\"CLS\")\n \nProposed early redemption of\n£65 million 5.50 per cent. Bonds due 2019\n(the \"Bonds\")\n \nOn 29 June 2018, CLS announced that it had exercised its option to redeem early all of the outstanding Bonds (ISIN: XS0820711215) pursuant to Condition 5(c) of the terms and conditions of the Bonds (the \"Conditions\").\n \nCLS announces that the redemption price per Bond, which was calculated at 11.00 a.m. today in accordance with Condition 5(c) of the Conditions is £105.745977 per £100 in principal amount of the Bonds inclusive of accrued interest and the aggregate redemption price of the Bonds excluding any accrued interest is £68,442,385.05. CLS will fully redeem all of the Bonds outstanding on 31 July 2018.\n \n-ends-\n \nFor further information, please contact:\n \nCLS Holdings plc\nwww.clsholdings.com\nFredrik Widlund, Chief Executive Officer\nJohn Whiteley, Chief Financial Officer\n+44 (0)20 7582 7766\n \nLiberum Capital Limited\nRichard Crawley\nJamie Richards\n+44 (0)20 3100 2222\n \nWhitman Howard\nHugh Rich\n+44 (0)20 7659 1261\n \nElm Square Advisers Limited\nJonathan Gray\n+44 (0)20 7823 3695\n \nSmithfield Consultants (Financial PR)\nAlex Simmons \n+44 (0)20 3047 2476\n\n \n \nDisclaimer\n \nThe Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"Securities Act\"). Subject to certain exceptions, the Bonds may not be offered, sold or delivered in the US or to or for the account of US persons (as defined in Regulation S under the Securities Act).\n \nThis announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy shares, the Bonds or other securities of CLS (the \"Securities\") in any jurisdiction. This announcement and the fact of its distribution is not and should not be seen as an inducement in relation to a decision to purchase Securities. Investors should not subscrib...