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CLI Cls Holdings Plc

74.60
-0.10 (-0.13%)
Last Updated: 10:59:43
Delayed by 15 minutes
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
  -0.10 -0.13% 74.60 74.60 74.90 76.30 74.60 76.30 74,911 10:59:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 148.7M -249.8M -0.6275 -1.19 297.39M

CLS Holdings PLC Press comment re Co-operative Bank plc bondholders (1296O)

16/09/2013 5:07pm

UK Regulatory


TIDMCLI

RNS Number : 1296O

CLS Holdings PLC

16 September 2013

   Release date:                16 September 2013 
   Embargoed until:            Immediate Release 

CLS Holdings plc

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

Press comment in relation to the Co-operative Bank plc bondholders

CLS confirms that it holds an interest in Co-operative Bank plc (the "Bank") bonds amounting to GBP4.3 million nominal, which it has accumulated over time at an aggregate cost below par. CLS has written to the Bank expressing a number of concerns about the approach being taken in relation to its provisioning and restructuring. CLS, along with other bondholders, believes that a committee should be established to enable a dialogue amongst all stakeholders before the Bank finalises its restructuring proposal.

-ends-

For further information, please contact:

   CLS Holdings plc                                                         +44 (0)20 7582 7766 

www.clsholdings.com

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

   Liberum Capital Limited                                             +44 (0)20 3100 2222 

Tom Fyson

   Charles Stanley Securities                                          +44 (0)20 7149 6000 

Mark Taylor

   Kinmont Limited                                                          +44 (0)20 7087 9100 

Jonathan Gray

   Smithfield Consultants (Financial PR)                         +44 (0)20 7903 0669 

Alex Simmons

This information is provided by RNS

The company news service from the London Stock Exchange

END

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