CLS Holdings PLC Announcement of death of Mr Sten Mortstedt (7375I)
15 Dicembre 2020 - 1:59PM
UK Regulatory
TIDMCLI
RNS Number : 7375I
CLS Holdings PLC
15 December 2020
Release date: 15 December 2020
Embargoed until: Immediate Release
CLS Holdings plc (the "Company", or "CLS")
Announcement of death of Mr Sten Mortstedt
It is with great sadness that CLS announces the death of Mr Sten
Mortstedt, Founder and Executive Director today at the age of
80.
Mr Mortstedt established CLS in 1987 after more than 25 years in
property, initially with Svenska Handelsbanken in Stockholm and
then at Citadellet AB. Since 1987, Sten dedicated himself to CLS
which he built into a FTSE250 company with assets of more than
GBP2.1 billion and a strong track record of delivering superior
shareholder returns.
The Sten Mortstedt Family and Charity Trust (the "Trust"), which
owns 51.46% of the Company, has assured the Board that it remains
committed to CLS, and will continue to be represented on the Board
by Anna Seeley, Non-Executive Vice Chair.
Mr Lennart Sten, Chairman of CLS, commented
"Sten was a remarkable businessman and friend, and delivered
significant long-term value for all our shareholders. He will be
deeply missed by everyone at CLS and our thoughts are with his
family."
Anna Seeley, Non-Executive Vice Chair of CLS and Board member of
the Trust, commented
"This is truly a sad day for our family and we will miss him
dearly. My Father was an inspirational man whose legacy will live
on through the businesses he created, and the charities he
supported. The Trust will continue to support CLS, which it
believes has a strong leadership team in place to deliver
significant long-term value for CLS's shareholders."
-ends-
For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
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
Elm Square Advisers Limited
Jonathan Gray
+44 (0)20 7823 3695
Smithfield Consultants (Financial PR)
Alex Simmons
Rob Yates
+44 (0)20 3047 2546
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END
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December 15, 2020 07:59 ET (12:59 GMT)
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