Information  X 
Enter a valid email address

Clear Leisure Plc (CLP)

  Print      Mail a friend       Annual reports

Wednesday 03 October, 2018

Clear Leisure Plc

Loan Note Facility

                                                                                                                                                                                                                                                                   3 October 2018

Clear Leisure Plc

(“Clear Leisure” or “the Company”)

Loan Facility

The Board of Clear Leisure (AIM: CLP) is pleased to announce that the Company has entered into a new unsecured loan facility agreement (the “Facility") with Eufingest SA (“Eufingest”).

Under the Facility, Eufingest has provided €200,000 at an interest rate of 2.5 per cent per annum.  The Facility is repayable on 31 December 2018 and the proceeds will be used for working capital purposes.

Eufingest is the beneficial holder of more than 10 per cent of the ordinary share capital of the Company. Eufingest is therefore a "related party" for the purposes of the AIM Rules.

The Directors of the Company (both of whom are independent of Eufingest), having consulted with the Company's nominated adviser, consider the terms of the transaction to be fair and reasonable insofar as shareholders are concerned.

-ends-

For further information please contact:

Clear Leisure Plc                                                                                     +39 335 296573

Francesco Gardin, CEO and Executive Chairman

SP Angel Corporate Finance (Nominated Adviser & Broker)         +44 (0)20 3470 0470

Jeff Keating / John Mackay                                                                                                 

Leander (Financial PR)                                                                    +44 (0) 7795 168 157

Christian Taylor-Wilkinson

About Clear Leisure Plc

Clear Leisure plc (AIM: CLP) is an AIM listed investment company with a portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy. The focus of management is to pursue the monetisation of all of the Company’s existing assets, through selected realisations, court-led recoveries of misappropriated assets and substantial debt-recovery processes. The Company has recently launched a joint venture initiative in the cryptocurrency mining sector. For further information, please visit, www.clearleisure.co.uk


a d v e r t i s e m e n t