RNS Number : 1391X
CLS Holdings PLC
04 May 2016
4 May 2016
CLS Holdings plc ("CLS")
completes on the disposal of Vänerparken,
and repays Swedish retail bond
CLS Holdings plc announces that it has completed the disposal of its only remaining investment
property in Sweden. The 418,800 sq ft (38,900 sqm) mixed-use office, educational, residential, leisure and medical complex
Vänerparken, Vänersborg has been sold to Bengt Linden AB for SEK 590 million.
In a separate transaction, CLS has redeemed at par its SEK 300 million bond due 2016. The
bond, which was issued in April 2011, was repaid on maturity on 27 April 2016 from the Company's cash resources.
Henry Klotz, Executive Chairman of CLS Holdings plc, commented:
"We are delighted to have completed on the sale of Vänerparken following a number of lease
renewals in 2015. The repayment of our Swedish bond is a natural consequence of selling our only investment property in
Sweden."
-ends-
For further information, please contact:
CLS Holdings
plc
www.clsholdings.com
Henry Klotz, Executive Chairman
Fredrik Widlund, Chief Executive Officer
John Whiteley, Chief Financial Officer
Sten Mortstedt, Executive Director
|
+44 (0)20 7582 7766
|
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This information is provided by RNS
The company news service from the London Stock Exchange
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