18 October 2018
Clear Leisure Plc
(“Clear Leisure” or “the Company”)
Appeal against
result of Mediapolis Land Auction
Further to the Company’s announcement dated 4 October 2018, the board of Clear Leisure (AIM:
CLP) wishes to notify shareholders that, having consulted its
Italian legal advisers, the Company has filed an appeal against the
decision of the Ivrea Court to refuse assignment of the Mediapolis
land to the Company.
With this action the Company has formally requested the Judge,
as a precautionary measure, suspends the outcome of the auction
and, as a principal matter, assigns the land to the Company
(through its wholly owned subsidiary Clear Leisure 2017 Limited)
or, alternatively, orders a new auction to be undertaken.
-ends-
For further information please
contact:
Clear Leisure Plc
Francesco Gardin, CEO and Executive
Chairman
+39 335 296573
SP Angel Corporate Finance (Nominated Adviser &
Broker)
Jeff Keating / John Mackay
+44 (0)20 3470 0470
Leander (Financial PR)
Christian Taylor-Wilkinson
+44 (0) 7795 168 157
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