Business
Result of EGM and Tender Offer
Result of EGM and Tender Offer.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nImmediate Release: Thursday18 December 2008\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE\nUNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN\n\n CLS Holdings plc \n\n ('CLS' or 'the Company') \n\n Result of General Meeting and Tender Offer \n\nAt the General Meeting of the Company held at 11:00 a.m. today, the resolution\nset out in the Tender Offer circular and notice of General Meeting dated 1\nDecember 2008 was duly passed unanimously by a show of hands. The votes of\nthose lodged by proxy were as follows:\n\n Resolution Votes for Votes Votes\n against withheld\n \n1 To authorise the Company to make one or 43,968,714 63,016 74,608\n more market purchases of Ordinary \n Shares pursuant to tender offers made \n in relation to the Tender Offer \n\nNotes\n\n1. The \"for\" vote includes those giving the Chairman discretion.\n\n2. Votes \"withheld\" are not counted when deciding if a resolution is carried.\n\n3. The total number of the Company's ordinary shares in issue, excluding shares\nheld in treasury, at the time of this announcement was 61,745,471.\n\nThe Board of CLS is aware that receipt of some Tender Forms has been delayed in\nthe Christmas post, therefore the Board announces that the latest time and\nreceipt of Tender Forms and share certificates (for those Shareholders who hold\ntheir Ordinary Shares in certificated form) post marked on or before 16\nDecember 2008 has been extended from Wednesday 17 December 2008 to 5p.m. on\nMonday 22 December 2008. Accordingly the results of the Tender Offer will be\nannounced on Tuesday 23 December 2008. As disclosed in the Tender Offer\ncircular, cheques will be despatched for certificated Ordinary Shares and\npayment will be made through CREST for uncertificated Ordinary Shares pursuant\nto the Tender Offer on 7 January 2009.\n\nCLS is pleased to confirm that to date it has received acceptance for the\nTender Offer in full by its shareholders. Tenders for up to and including the\npro rata entitlement will be met in full. Tenders received for excess Ordinary\nShares will be subject to scale back at the rate to be announced on Tuesday 23\nDecember 2008. The Ordinary Shares purchased by the Company pursuant to the\nTender Offer will be cancelled.\n\nDefined terms used in this announcement shall have the same meaning as set out\nin the Te...