Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Clear Leisure Plc (CLP)

  Print      Mail a friend       Annual reports

Tuesday 17 February, 2015

Clear Leisure Plc

Posting of Circular and Notice of AGM


                                                               17 February 2015

                               Clear Leisure plc                               

                       ("Clear Leisure" or "the Company)                       

             Publication of Circular and Notice of General Meeting             

Clear Leisure plc announces that it has today published a circular to
shareholders ("the Circular") to convene its Annual General Meeting ("AGM") at
which it will propose certain resolutions including a capital reorganisation of
the Company's share capital ("Capital Reorganisation") and the grant new
authorities to allot and issue ordinary shares, details of which follow.

The Company needs to raise further working capital in the short term to
alleviate a material constraint on working capital until such time as assets
are realised. The proposed resolutions are required, inter alia, to provide the
Company with the ability to issue new ordinary shares for cash.

 

Proposed Share Capital Reorganisation

The Company currently has in issue 199,409,377 ordinary shares of 2.5p each
("Existing Ordinary Shares") and, as at the close of business on 13 February
2015 (being the last practicable date prior to the date of this document), the
middle market price per Existing Ordinary Share was 0.8p. The Company is
prohibited by the Act from issuing ordinary shares at a price below the nominal
value of these shares. Consequently, a share capital reorganisation will be
necessary in order to allow any equity fundraise to occur.

The Company therefore proposes to reorganise its share capital by subdividing
each issued Existing Ordinary Share into one ordinary share of 0.25p and one
deferred share of 2.25p ("New Ordinary Shares"). This reorganisation will
maintain the number of Existing Ordinary Shares and create an equal number of
deferred shares with limited rights which are set out below. The share price of
the Company should be unchanged following the Capital Reorganisation.

The New Ordinary Shares will have the same rights as to voting, dividends and
return on capital as the Existing Ordinary Shares. The interests of the
Shareholders (both in terms of their economic interest and voting rights) will
not be diluted by the implementation of the Capital Reorganisation. As a
result, the Company does not currently intend to issue replacement share
certificates and, assuming the Capital Reorganisation is effected, references
in any share certificate to a nominal value of 2.5p will be deemed to be a
nominal value of 0.25p. The ISIN and SEDOL numbers for the New Ordinary Shares
will be the same as for the Existing Ordinary Shares being GB00B50P5B53 and
B50P5B5 respectively.

The deferred shares carry minimal rights thereby rendering them effectively
valueless. The rights attaching to the deferred shares can be summarised as
follows:

 i. the holders thereof do not have any right to participate in the profits or
    income or reserves of the Company;
   
ii. on a return of capital on a winding up the holders thereof will only be
    entitled to an amount equal to the nominal value of the deferred shares but
    only after the holders of Ordinary Shares have received £10,000,000 in
    respect of each Ordinary Share;
   
iii. the holders thereof have no right to receive notice of or attend or vote
    at any general meeting of the Company; and
   
iv. the Company may acquire the deferred shares for a nominal consideration at
    any time.
   
The Capital Reorganisation is conditional upon Shareholder approval and, at the
Annual General Meeting, Shareholders will be asked to consider and, if thought
fit, approve the Capital Reorganisation. As the Capital Reorganisation will
change the nominal value of the Existing Ordinary Shares, a minor alteration to
the Articles will need to be made and approved by a special resolution at the
Annual General Meeting. Details of the Annual General Meeting are set out
below.

Notice of General Meeting

The Capital Reorganisation and the grant of new authorities are subject to the
approval of shareholders at the AGM which is being held at 10.00 a.m. on 11
March 2015 at the offices of Cairn Financial Advisers, 61 Cheapside, London
EC2V 6AX.

A copy of the Circular will shortly be available on the Company's website at 
www.clearleisure.com.

For further information please contact:

Clear Leisure plc +39 02 4795 1642

Alfredo Villa, CEO

Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900

Jo Turner / Liam Murray

Peterhouse Corporate Finance (Broker) +44 (0) 20 7469 0935

Lucy Williams / Heena Karani

About Clear Leisure Plc

Clear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing a
dynamic strategy to create a comprehensive portfolio of companies primarily
encompassing the leisure and real estate sectors mainly in Italy but also other
European countries. The Company may be either a passive or active investor and
Clear Leisure's investment rationale ranges from acquiring minority positions
with strategic influence through to larger controlling positions. For further
information, please visit, www.clearleisure.com

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