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CLS Holdings plc

CLS Holdings plc Appoint new independent Non-Executive Director

CLS Holdings (LON: CLI) has today announced the appointment of Mr Bill Holland as an independent Non-Executive Director of the Company with effect from 20 November 2019. He will also become a member of the Audit and Remuneration Committees.

Bill was a senior partner in KPMG’s real estate practice for 25 years, until August 2019, responsible for the audit of a wide range of property companies and funds encompassing investors, developers, housebuilders and surveyors in the listed and private sectors. He also sat on the finance committees of the British Property Federation and INREV, and on a working committee of The Association of Real Estate Funds.

Bill is currently an independent Non-Executive Director of Ground Rents Income Fund plc, a specialist long-dated ground rent REIT, listed on The International Stock Exchange and traded on the SETSqx platform of the London Stock Exchange, and chairs its Audit Committee.

Bill is a governor at Winchester College, chairing the estate committee and sitting on the finance committee.

It is anticipated that Bill will succeed Malcolm Cooper as Chairman of the Audit Committee following the publication of the Group’s Final Results in March 2020.

There are no further details required by LR 9.6.13.

Lennart Sten, CLS HOldings Non-Executive Chairman, said:

“I am delighted to welcome Bill to the Board. Bill has wide-ranging audit and real estate experience which will support the work of the Audit Committee. This appointment concludes our succession plans for when Malcolm steps down as Chairman of the Audit Committee next year. We very much look forward to working with Bill.”