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Clear Leisure Plc (CLP)

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Friday 28 September, 2018

Clear Leisure Plc

Reschedule of Loans Maturity Date

                                                                                                              28 September 2018

Clear Leisure Plc

(“Clear Leisure” or “the Company”)

Reschedule of Loans’ Maturity

The Board of Clear Leisure (AIM: CLP) is pleased to announce that the Company agreed with Eufingest SA (“Eufingest”) to extend the maturity of the following loans:

  • €50,000 announced on 7 December 2017, bearing a 2.5% interest annum and with original maturity to 31 March 2018, then extended to 30 September 2018, as per the Company’s Annual Reports and Accounts 2017;

  • €250,000 announced on 2 January 2018, bearing a 2.5% interest annum and with original maturity to 31 March 2018, then extended to 30 September 2018, as per the Company’s Annual Reports and Accounts 2017;

to 31 December 2018.

Eufingest is a substantial shareholder of the Company’s issued share capital as defined by the AIM Rules for Companies. Therefore, the reschedule of loans’ maturity is a related party transaction pursuant to AIM Rule 13 of the AIM Rules for Companies. The directors of Clear Leisure, having consulted with its nominated adviser, consider that the Proposal is fair and reasonable insofar as its 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


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