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CLPTue, 30th Jul 2019 11:59
(Alliance News) - Investment company Clear Leisure PLC said Tuesday that it has secured a EUR250,000 loan from shareholder Eufingest SA.
The loan bears an interest rate of 2.5% per annum and is repayable on September 30. Clear Leisure will use the loan to support existing investments, the negotiation and repayment of creditors and for working capital purposes.
Shares in Clear Leisure were flat at 0.32 pence on Tuesday.
Italy-focused investment group Clear Leisure lost almost half of its value on Tuesday after its majority-owned travel division ORH was forced to temporarily suspend operations. The company said that the decision was due to a number of factors affecting its African hotel subsidiaries as well as the
Read moreClear Leisure, an investment company with assets in the Italian leisure sector, has boosted its share price after unveiling an upbeat trading statement ahead of its full year final results. The group reported an unaudited non-consolidated profit of £0.52m, compared to a loss of £13m in 2011, of whi
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