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Last checked at 
28 Apr 2017 14:52
CLS Holdings plc
(the "Company")
Notification of Directors/PDMR interest in shares
CLS Holdings plc 2017 Performance Incentive Plan ("PIP")
At the Company's annual general meeting held at 10 a.m. on 26 April 2017 (the "AGM"), shareholders approved the Annual Remuneration Report, Remuneration Policy and the PIP. The Remuneration Committee subsequently adopted the PIP.
Grant of Awards
On 26 April 2017, the Remuneration Committee granted the following Awards over ordinary shares of 25 pence each in the capital of the Company under Element B of the PIP in the form of conditional share awards. The Awards were made following the Committee's determination of the level of satisfaction of the Key Performance Targets for the 2016 financial year as set out in the 2016 Annual Report and Accounts.
Participant | Number of Shares subject to the Award |
Fredrik Widlund | 12,686 |
John Whiteley | 8,085 |
The key terms of the Awards made under Element B of the PIP are:-
· Awards will vest on the third anniversary of the award date 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 Notice of the AGM and the 2016 Annual Report and Accounts, which 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.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Fredrik Widlund | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive 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, type of instrument
Identification code | Ordinary shares of CLS Holdings plc of 25 pence eachGB0001592475 | ||||
b) | Nature of the transaction | Grant of conditional share award under the CLS Holdings plc 2017 Performance Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
12,686 ordinary shares of 25 pence each Nil consideration | ||||
e) | Date of the transaction | 26 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | John Whiteley | ||||
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, type of instrument
Identification code | Ordinary shares of CLS Holdings plc of 25 pence eachGB0001592475 | ||||
b) | Nature of the transaction | Grant of conditional share award under the CLS Holdings plc 2017 Performance Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
8,085 ordinary shares of 25 pence each Nil consideration | ||||
e) | Date of the transaction | 26 April 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries
David Fuller
Company Secretary
CLS Holdings plc
+44 (0)20 7582 7766
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