4 January 2019
Clear Leisure
Plc
(“Clear Leisure” or “the
Company”)
Reschedule of
Loans’ Maturity Date
The Board of Clear Leisure (AIM: CLP) is pleased to announce
that Eufingest SA has agreed to extend repayment of the following
loans from 31 December 2018 to
31 March 2019 (or such earlier date
as may be agreed with the Company):
-
€50,000 (as announced on 7 December
2017) and €250,000 (as announced on 2
January 2018), each with original maturity to 31 March 2018, subsequently extended to
31 December 2018 (as announced on
28 September 2018); and
-
€200,000 as announced on 3 October
2018.
(together the “Loans”)
All other terms and conditions of the Loans remain
unchanged.
Eufingest is a substantial shareholder of the Company as defined
by the AIM Rules for Companies. The extension of the Loans maturity
is therefore 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 transaction
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 / Charlie
Bouverat
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 realigned
its strategic focus to
technology related investments, with special regard to
interactive media, blockchain and AI
sectors. For further information, please visit,
www.clearleisure.co.uk