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Last checked at 
3 Jul 2019 15:19
CLS Holdings plc
(the "Company")
Notification of Transaction of Directors, Persons Discharging Managerial Responsibilities ("PDMR") or Persons Closely Associated
CLS Holdings plc Performance Incentive Plan ("PIP")
On 2 July 2019, the Remuneration Committee granted Mr Andrew Kirkman, Chief Financial Officer and Director of the Company, the following Awards over ordinary shares of 2.5 pence each in the capital of the Company under Element B of the PIP in the form of conditional share awards. These Awards form part of his recruitment remuneration in relation to the buying out on a fair value basis of his long-term incentive awards lapsing on leaving his previous employment:
Award | Number of Shares subject to the Award | Vesting Date |
2017 Award
| 68,523 | 5 April 2020 |
2018 Award
| 56,305 | 5 April 2021 |
The key terms of the Awards made under Element B of the PIP are:-
- Awards will vest as above provided that the participant remains employed by the Company, and
- no shares subject to Awards (apart from those sold to meet any tax liability) can be sold prior to the 5th anniversary of the award date.
Full details of the PIP are set out in the Company's Remuneration Policy, together with details of Mr Kirkman's recruitment remuneration, are available at www.clsholdings.com
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
Notification of Dealing Form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name(s) | Andrew Kirkman | |
2
| Reason for the notification | ||
a) | Position/status
| Chief Financial Officer | |
b) | Initial notification/amendment
| Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| CLS Holdings plc | |
b) | LEI
| 213800A357TKB2TD9U78 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument | Ordinary Shares of CLS Holdings Plc of 2.5 pence each.
Identification code: GB00BF044593
| |
b) | Nature of the transaction | Grant of conditional share awards under the CLS Holdings plc Performance Incentive Plan. | |
c) | Price(s) and volume(s) | Price
Nil
| Volume
68,523 (2017 Award)
56,305 (2018 Award) |
d) | Currency | GBP - British Pound | |
e) | Aggregated information
| N/A | |
f) | Date of the transaction
| 2 July 2019 | |
g) | Place of the transaction
| Outside a trading venue | |
Enquiries:
David Fuller
Company Secretary
CLS Holdings plc
LEI: 213800A357TKB2TD9U78
Tel: +44 (0) 20 7582 7766
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