CLS Holdings plc
TypePublic
LSE: CLI
FTSE 250 component
IndustryProperty
Founded1987 as Central London Securities
HeadquartersLondon, England, UK
Key people
Henry Klotz
(Executive Chairman)
Anna Seeley
(Non-Executive Vice Chairman)
Fredrik Widlund
(Chief Executive Officer)
John Whiteley
(Chief Financial Officer)
RevenueDecrease £139.7 million (2022)[1]
Decrease £(63.9) million (2022)[1]
Decrease £(81.9) million (2022)[1]
Websitewww.clsholdings.com

CLS Holdings plc is a British commercial property investment business based in London, England. It is listed on the London Stock Exchange.

History

The company was established by Sten Mörtstedt in 1987 and was first listed on the London Stock Exchange in 1994.[2] The company was one of the original three investors in The Shard development at London Bridge in 2006 but sold its interest for £30 million in January 2008.[3]

Fredrik Widlund joined as CEO in November 2014, having previously been at GE Capital. In March 2016 Henry Klotz became Executive Chairman and Sten Mörtstedt became executive director.[4] Historically, the company made shareholder distributions by way of a tender offer buy-back, but announced in February 2017 the introduction of a dividend, and a proposed share sub-division.[5]

The former executive director Sten Mörtstedt died in December 2020 at the age of 80.[6]

Operations

One of the company's largest schemes is Vauxhall Square, a mixed-use scheme in the Vauxhall area of London.[7] The company's property portfolio was valued at circa £2.3 billion as at 31 December 2022.[1]

References

  1. 1 2 3 4 "Annual Results 2022" (PDF). CLS Holdings. Retrieved 8 March 2023.
  2. ↑ "CLS builds value". Interactive Investor. 2 October 2014. Retrieved 16 December 2014.
  3. ↑ "Shard of Glass shareholder sells stake as Qataris move in". London SE1. 10 January 2008. Retrieved 16 December 2014.
  4. ↑ "Final Results". Retrieved 9 March 2017.
  5. ↑ "Introduction of dividend". Retrieved 9 March 2017.
  6. ↑ "Announcement of death of Mr Mortstedt". Retrieved 4 May 2021.
  7. ↑ "CLS is a capital proposition". Shares Magazine. 2 May 2013. Retrieved 16 December 2014.
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