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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cls Holdings Plc | LSE:CLI | London | Ordinary Share | GB00BF044593 | ORD 2.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.80 | -0.92% | 86.00 | 86.10 | 86.30 | 87.10 | 85.90 | 87.00 | 698,644 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 113M | -249.8M | -0.6286 | -1.37 | 342.97M |
From May 2019 to May 2024
TIDMCLI
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.
-ends-
For further information, please contact:
CLS Holdings plc www.clsholdings.com 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
END
DIVTRMPTMBAMBFR
(END) Dow Jones Newswires
February 08, 2017 02:00 ET (07:00 GMT)
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