10 January 2019
Clear Leisure Plc
(“Clear Leisure” or “the Company”)
Completion of High
Court Case Settlement
The Board of Clear Leisure (AIM: CLP) is pleased to announce
that, further to the announcement on 12
December 2018, the Company has now received both tranches of
the settlement of £1.15 million (before legal and insurance
expenses of nearly £300,000) from the defendants in the High Court
case.
As announced on 12 December 2018,
the first tranche of £500,000 was payable by 14 December 2018 and the second tranche of
£650,000 was payable by 7 March
2019.
-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 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