Clear Leisure PLC Bondholder Meeting Update (3906Q)
06 June 2018 - 12:45AM
UK Regulatory
TIDMCLP
RNS Number : 3906Q
Clear Leisure PLC
05 June 2018
05 June 2018
Clear Leisure Plc
(the "Company")
Bondholder Meeting Update
On 11 May 2018, the Company announced that it had written to
holders of its EUR 9.9 million Bond (the "Bond"), due on 15
December 2018, convening a meeting today at 10am at the Company's
registered office at 22 Great James Street, London, WC1N 3ES.
As announced on 11 May 2018, the Bondholders' meeting requires a
quorum of 75% of the Bond's principal value. Insufficient
Bondholders were present at today's meeting to form a quorum. The
Meeting was therefore adjourned until 10am on 19 June 2018 at the
Company's registered office.
The quorum requirement at the adjourned meeting is reduced to
such Bondholders representing 25 per cent of the principal
value.
The Company notes, however, that the majority of Bondholders who
were present at today's adjourned meeting indicated that they
wished to vote in favour of the proposed resolutions allowing the
Company to:
- amend the final maturity of the Bonds from 15 December 2018 to 15 December 2022; and
- permit the Company to convert Bonds into new Clear Leisure ordinary shares.
Bondholders who wish to vote and whose Bonds are held in the
name of a broker, dealer, commercial bank, trust company or other
nominee institution (including as CDIs) must contact such nominee
promptly and instruct or make arrangements with such nominee to
vote in accordance with the customary procedures of the Clearing
Systems on behalf of the Bondholders. Proxies are due no later than
10am on 18 June 2018.
-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 3407 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. For
further information, please visit, www.clearleisure.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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