Clear Leisure PLC - AIM listed investment company - Says its majority-owned Sipiem SpA court hearing has been rescheduled to May 26 due to the Covid-19 delays. Despite a slight delay in the court hearing, Clear Leisure says it remains confident of the outcome of the litigation, given the strong foundations of the claim.
This legal action originated when Sipiem's liquidator filed a claim against Sipiem's previous executive management team and internal audit committee for fraud and mismanagement on March 21, 2019.
Current stock price: 2.37 pence, down 24% on Thursday
Year-to-date change: multiplied from 0.27p on December 31
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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