RE: RNS22 Feb 2021 07:40
Mr Story will also be granted 100,000,000 warrants over Clear Leisure ordinary
shares (the "Warrants"). Each Warrant will entitle the warrant holder to
subscribe for one new Clear Leisure share at a price of 2 pence per Ordinary
Share and will be exercisable for a period of two years from the date of
admission to AIM of the Placing Shares. The Warrants will not be admitted to
trading on AIM and will be transferrable in accordance with the terms of the
warrant instrument to be entered into by the Company. Any Clear Leisure
ordinary shares issued pursuant to the Warrants will, when issued, be admitted
to trading on AIM.
Following the Placing but before any exercise of the Warrants, Mr Story will
have an approximate 11.14% interest in the ordinary shares of Clear Leisure.
Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented:
"I am very pleased to be able to welcome John Story as a substantial
shareholder in Clear Leisure and have direct access to the exciting
technologies he has recently invested into, which could be extremely beneficial
to our new cryptocurrencies initiatives"
Issue of 2019 & 2020 CEO Salary Shares to Francesco Gardin
In accordance with the terms of his employment, a total of 21,847,071 ordinary
shares of 0.25p each ("Ordinary Shares") have been issued to Francesco Gardin
as follows (the "CEO Salary Shares")
10,526,316 Ordinary Shares in the Company have been allotted and issued to
Francesco Gardin at a price of 0.285 pence per new Ordinary Share (closing
price at 31/12/2019) in settlement of £30,000 being his 2019 remuneration
payable through the issue of Ordinary Shares.
Additionally, a further 11,320,755 Ordinary shares in the Company have been
allotted and issued to Francesco Gardin at a price per share of 0.265 pence per
new Ordinary Share (closing price at 31/12/2020) in settlement of £30,000 being
his 2020 remuneration payable through the issue of Ordinary Shares.
Following the issue of the new Ordinary Shares, Mr Gardin will hold 34,284,149
Ordinary Shares representing an interest of 3.82% in the Company.
Admission & Total Voting Rights
Application will be made for the 100,000,000 Placing Shares and the 21,847,071
CEO Salary Shares to be admitted to trading on AIM with admission expected to
occur on or around 26 February 2021. The Placing Shares and CEO Salary Shares
will rank pari passu with the Company's existing Ordinary Shares.
Following admission of the Placing Shares, the Company's enlarged issued share
capital will comprise 897,551,851ordinary shares of 0.25 pence each. This
figure may be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of
the Market