Business
Proposed early redemption of retail bond
Proposed early redemption of retail bond.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0437T CLS Holdings PLC 29 June 2018 \n\n \nRelease date: 29 June 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 \nFurther to the announcement dated 14 June 2018, CLS announces that it has 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\") and it has now given notice to redeem in accordance with the Conditions.\n \nA copy of the notice of redemption that was published in today's edition of the Financial Times is set out below:\n \nCLS HOLDINGS PLC\n(Registered Number: 02714781)\n(the \"Issuer\")\nNOTICE TO THE HOLDERS OF\n£65,000,000 5.50 per cent. Bonds due 2019\n(ISIN: XS0820711215)\n(the \"Bonds\" and the holders thereof, the \"Bondholders\")\nNOTICE OF REDEMPTION\nNOTICE IS HEREBY GIVEN to the Bondholders that, pursuant to Condition 5(c) of the terms and conditions of the Bonds, the Issuer will fully redeem all of the Bonds outstanding on 31 July 2018 (the \"Optional Redemption Date\"). The redemption price per Bond will be calculated in accordance with Condition 5(c) of the terms and conditions of the Bonds on the Calculation Date, 27 July 2018, and will be announced shortly thereafter. Interest accrued to (but excluding) the Optional Redemption Date will also be paid.\nFollowing redemption, the listing of the Bonds on the Official List of the FCA and the admission of the Bonds to trading on the Regulated Market of the London Stock Exchange plc will be cancelled.\nWords and expressions used in this Notice shall, unless defined herein or the context otherwise requires, have the same meaning as in the terms and conditions of the Bonds.\nThis Notice is given by\nCLS Holdings plc\nDated: 29 June 2018\n-ends-\n \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...