CLS Holdings
 | |
| Company type | Public |
|---|---|
| LSE: CLI FTSE 250 component | |
| Industry | Property |
| Founded | 1987 as Central London Securities |
| Headquarters | London, England, UK |
Key people | Lennart Sten (Independent Non-Executive Chairman) Anna Seeley (Non-Executive Director and Vice Chairman) Fredrik Widlund (Chief Executive Officer) Andrew Kirkman (Chief Financial Officer) |
| Revenue |  £148.7 million (2023)[1] |
 £(223.4) million (2023)[1] | |
| £(249.8) million (2023)[1] | |
| Website | www |
CLS Holdings plc is a British commercial property investment business based in London, England. It is listed on the London Stock Exchange, and specializes in office space across the UK, Germany and France.
History
[edit]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 in January 2008.[3] Richard Tice was appointed CEO in 2010.[4]
Fredrik Widlund replaced Richard Tice as CEO in November 2014, having previously been at GE Capital.[5]
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.[6]
The former executive director Sten Mörtstedt died in December 2020 at the age of 80.[7]
Operations
[edit]The company's property portfolio was valued at circa £1.9 billion as at 31 December 2023.[1]
References
[edit]- ^ a b c d "Annual Results 2023" (PDF). CLS Holdings. Retrieved 6 March 2024.
- ^ "CLS builds value". Interactive Investor. 2 October 2014. Retrieved 16 December 2014.
- ^ "Shard of Glass shareholder sells stake as Qataris move in". London SE1. 10 January 2008. Retrieved 16 December 2014.
- ^ "Who is Richard Tice? The ex-Reform UK leader replaced by Nigel Farage". Sky News. 12 June 2024. Retrieved 4 August 2024.
- ^ "CLS Holdings Names Fredrik Widlund CEO". RTT News. 8 January 2014. Retrieved 18 April 2024.
- ^ "Introduction of dividend". Retrieved 9 March 2017.
- ^ "Announcement of death of Mr Mortstedt". Retrieved 4 May 2021.
