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Clear Leisure Plc (CLP)

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Thursday 04 October, 2018

Clear Leisure Plc

Result of Mediapolis Appeal

                                                                                                                                                                                                                                                                   4 October 2018

Clear Leisure Plc

(“Clear Leisure” or “the Company”)

Result of Appeal against the Result of Mediapolis Land Auctions

The Board of Clear Leisure (AIM: CLP) notifies shareholders that, with reference to the legal appeal against the result of Mediapolis’ land auction and the decision of the auctioneer to reject the Company’s request of assignment, the Judge of the Ivrea Court ruled against the Company’s appeal.

Clear Leisure, however, has 15 days to challenge this decision again by filing a further appeal, and will consult with its Italian legal advisers to decide the best course of action.

The Company will issue further updates in due course.

-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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