REG - CLS Holdings PLC - CLS announces the sale of three properties

CLS HoldingsAnnouncement

03/08/2022 07:16

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RNS Number : 6680U  CLS Holdings PLC  03 August 2022

 

 

PRESS RELEASE

 

 

Release date:                 3 August 2022

Embargoed until:           07:00 am

 

 

CLS Holdings plc ("CLS" or the "Group")

CLS announces the sale of two properties in the UK and one in France for
£39.8 million

 

CLS announces that it has completed on the sale of two UK properties, Great
West House, Brentford and 62 London Road, Staines and one French property, 96
Rue Nationale, Lille for a total of £39.8 million. The three properties sold
for an average 3.7% above the 31 December 2021 valuations.

 

Further details will be provided in the half year results on 10 August 2022.

 

Fredrik Widlund, Chief Executive Officer of CLS, commented:

 

"These disposals are in line with CLS' asset management strategy and secure a
significant return for CLS, capturing value for our investors while providing
additional financial flexibility for the Group. I look forward to updating
investors further on our recent performance with the announcement of our half
year results next week.'

 

 

-ends-

 

 

For further information, please contact:

 

 

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com (http://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

 

Panmure Gordon

Hugh Rich

+44 (0)20 7886 2733

 

Berenberg
 Matthew Armitt

Richard Bootle

+44 (0) 203 207 7800

Edelman Smithfield (Financial PR)

Alex Simmons

Hastings Tarrant

+44 (0)20 3047
2546

 

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above.
 

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