CLS Holdings

Nipper

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Results out today suggest stock is trading at a significant discount to it's Net Asset Value, could be due for a re-rating. Any TA views?


RNS Number:6318Z
CLS Holdings PLC
28 February 2001

Embargoed until: 0700hrs, 28 February 2000

CLS HOLDINGS PLC RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000


FINANCIAL HIGHLIGHTS


- NAV per share up 33.5 per cent to 325.5 pence

- Total shareholders' return 45.1 per cent

- Proposed distribution of 5.7 pence making a total distribution to
shareholders 9.6 pence per share

- Portfolio valued at #671.4 million up 34.5 per cent

- Net rental income (including associate and JV) up 24.8 per cent to
# 42.1 million

- Year end available cash up 8.3 per cent to # 39.1 million

- Potential gross annual rent roll of # 74.1 million
 
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