Regulatory Story
Go to market news section View chart   Print
CLS Holdings PLC  -  CLI   

Introduction of Dividend

Released 07:00 08-Feb-2017

RNS Number : 2806W
CLS Holdings PLC
08 February 2017





CLS Holdings plc

("CLS", the "Company", the "Group")

announces introduction of dividend

and proposed share sub-division


CLS Holdings plc announces that it intends to make future distributions to shareholders by way of a twice yearly dividend; this supersedes its previous policy of using tender offer buy-backs.  It is intended that the first dividend will be a final dividend in respect of the year ended 31 December 2016 and announced with the Group's full year results which is expected to be on Wednesday 8 March 2017.


In addition, at its Annual General Meeting ("AGM") on 26 April 2017, the Board will recommend a share sub-division of its existing ordinary shares of 25p each into 10 new ordinary shares of 2.5 pence each. Further details of the share sub-division will be set out in the Notice of AGM to be circulated to shareholders on or around 22 March 2017.  If approved, the share sub-division will take place following the payment of the final dividend.


Fredrik Widlund, Chief Executive of CLS, commented:


"We believe that these changes will make CLS more easily comparable with other listed property companies and a more attractive investment proposition for new shareholders, with the aim of improving liquidity in the Group's shares and broadening the shareholder base."


This announcement contains inside information.




For further information, please contact:


CLS Holdings plc                                                                    

Fredrik Widlund, Chief Executive Officer

John Whiteley, Chief Financial Officer


+44 (0)20 7582 7766

Liberum Capital Limited

Richard Crawley

Jamie Richards


+44 (0)20 3100 2222

Panmure Gordon (UK) Limited

Dominic Morley

Andrew Potts


+44 (0)20 7886 2500


Elm Square Advisers Limited                                                         

Jonathan Gray


+44 (0)20 7823 3695

Smithfield Consultants (Financial PR)                                            

Alex Simmons

+44 (0)20 7360 4900


This information is provided by RNS
The company news service from the London Stock Exchange

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


Introduction of Dividend - RNS