Business
Result of Tender offer
Result of Tender offer.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nImmediate Release: Tuesday 23 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 ('CLS' or 'the Company') \n\n Proposed purchase of 2 in every 9 Ordinary Shares of the Company at 350 pence \n per share pursuant to a tender offer ('the Tender Offer'), \n\n Result of Tender Offer \n\nFurther to the announcement made by CLS on Thursday 18 December 2008, the Board\nof CLS is pleased to confirm that the Tender Offer, as described in the\ncircular to shareholders dated 1 December 2008, is now closed, having received\nacceptance for the Tender Offer in full by its shareholders. Tenders for up to\nand including the pro rata entitlement will be met in full. Tenders received\nfor excess Ordinary Shares will be subject to scale back at the rate of\n0.14923897 Ordinary Shares for each excess Ordinary Share tendered over and\nabove the pro rata entitlement, rounded down to the nearest whole share. The\nOrdinary Shares purchased by the Company pursuant to the Tender Offer will be\ncancelled. 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\nEnquiries:\n\nCLS Holdings plc\n\nSten Mortstedt, Executive Chairman +44 (0) 20 7582 7766\n\nSarah Ghinn, Deputy Company Secretary +44 (0) 20 7582 7766\n\n\n \n ","length":1803,"tagName":"div"}]