Business
Result of General Meeting and Tender Offer
Result of General Meeting and Tender Offer.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \n8 April 2010\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE\n UNITED 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. on 8 April 2010, the\nresolution set out in the Notice of General Meeting dated 23 March 2010 was\nduly passed unanimously by a show of hands.\n\nThe votes of those lodged by proxy were as follows:\n\nSpecial Resolution 1\n\nVotes For 36,898,922 (99.998%)\n\nVotes Against 596 (0.002%)\n\nVotes Withheld Nil\n\nCLS is pleased to confirm that it has received acceptance for the Tender Offer\nin full by its shareholders. Tenders for up to and including the pro rata\nentitlement of 1 Ordinary Share for every 48 Ordinary Shares at 600p per share\nwill be met in full. Tenders received for excess Ordinary Shares will be\nsubject to scale back at the rate of 0.0034764 Ordinary Shares for each excess\nOrdinary Share tendered over and above the pro rata entitlement of 1 for 48,\nrounded down to the nearest whole Ordinary Share.\n\nThe Ordinary Shares purchased by the Company pursuant to the Tender Offer will\nbe cancelled. Cheques will be dispatched for certificated Ordinary Shares and\npayment will be made through CREST for uncertificated Ordinary Shares pursuant\nto the Tender Offer on 14 April 2010.\n\nA copy of the resolution passed at the General Meeting will be submitted to the\nUK Listing Authority and will shortly be available for inspection at:\n\nDocument Viewing Facility\nFinancial Services Authority\n25 The North Colonnade\nCanary Wharf\nLondon E14 5HS\n\nTelephone: +44 (0) 207 066 1000\n\n\nENQUIRIES:\n\nCLS Holdings plc\nDavid Fuller\n+44 (0) 207 582 7766\n\nKinmont Limited\nJonathan Gray\n+44 (0) 207 087 9100\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 is 48,231,256.\n\n4. Defined terms used in this announcement shall have the same meaning as set\nout in the Tender Offer circular and Notice of General Meeting dated 23 March\n2010.\n\n\n \n ","length":2548,"tagName...