CLS Holdings PLC Shareholding in Catena AB (9538K)
September 02 2019 - 11:31AM
UK Regulatory
TIDMCLI
RNS Number : 9538K
CLS Holdings PLC
02 September 2019
Release date: 2 September 2019
Embargoed until: 16.31 BST
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
CLS Holdings plc
("CLS")
Shareholding in Catena AB
THIS DOCUMENT IS FOR THE USE OF THE INTENDED RECIPIENT ONLY AND
SHOULD NOT BE COPIED OR DISTRIBUTED TO ANY OTHER PERSON. NOT FOR
DISTRIBUTION IN OR INTO THE U.S. (OR TO U.S. PERSONS) ABSENT
REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER U.S.
SECURITIES ACT OF 1933, AS AMENDED, OR IN ANY OTHER JURISDICTION IF
SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. ANY
FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION
OF APPLICABLE SECURITIES LAWS.
CLS announces that ABG Sundal Collier has been engaged by
Endicott Sweden AB, a wholly-owned subsidiary of CLS, to explore
the opportunity to sell up to 3,971,349 shares in Catena AB
("Catena") (the "Contemplated Placement"). A sale of 3,971,349
shares would represent CLS's entire shareholding in Catena.
The price per share in the Contemplated Placement will be
determined through an accelerated bookbuilding process. The process
commences today, 2 September 2019 at 16.31 BST/17.31 CEST and may
be terminated at any time on short notice.
ABG Sundal Collier AB is acting as sole bookrunner in connection
with the Contemplated Placement.
-ends-
For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
www.clsholdings.com
Fredrik Widlund, Chief Executive Officer
Andrew Kirkman, Chief Financial Officer
+44 (0)20 7582 7766
Liberum Capital Limited
Richard Crawley
Jamie Richards
+44 (0)20 3100 2222
Whitman Howard
Hugh Rich
+44 (0)20 7659 1261
Elm Square Advisers Limited
Jonathan Gray
+44 (0)20 7823 3695
Smithfield Consultants (Financial PR)
Alex Simmons
Rob Yates
+44 (0)20 3047 2546
Important information
Release, announcement or distribution of this press release may,
in certain jurisdictions, be subject to restrictions according to
law and people in those jurisdictions, in which this press release
has been announced or distributed, should inform themselves of and
follow such legal restrictions. This press release does not
constitute an offer, or a solicitation of any offer, to buy or
subscribe for any securities in Catena in any jurisdiction.
This press release does not constitute or form part of an offer
or solicitation to purchase or subscribe for securities in the
United States. The securities referred to herein may not be sold in
the United States absent registration or an exemption from
registration under the US Securities Act of 1933, as amended. The
information in this press release may not be announced, published
or distributed to the United States, Canada, Australia, South
Africa, Japan, Hong Kong, Switzerland, Singapore, New Zealand or in
any other jurisdiction where the announcement, publication or
distribution of the information would not comply with applicable
laws and regulations.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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