Notice of General Meeting RNS- 14 April5 May 2021 15:19
Notice of General Meeting
Wed, 14th Apr 2021 07:00
Clear Leisure Plc - Notice of General Meeting
Clear Leisure Plc - Notice of General Meeting
PR Newswire
London, April 13
14 April 2021
Clear Leisure Plc(“Clear Leisure” or “the Company”)
Notice of General MeetingNew Investment Policy, Change of Company’s Name, Grant of Optionsand Authority to Issue Shares
The board of Clear Leisure (AIM: CLP) wishes to advise shareholders that the Company intends to issue a notice of general meeting to be held at 22 Great James Street, London WC1N 3ES, at 12:00 p.m. on 6 May 2021, to seek approval for the following:
Amend the Company’s Investing Policy Change the Company’s name to Quantum Blockchain Technologies plc Authorise the granting of options to the CEO and current and future management team of the Company Grant authorities to the directors to issue shares in the Company Dis-apply pre-emption rights
Proposal to change the Company’s investing policy
The Company’s current investing policy is to acquire minority or majority interests in companies operating in the leisure, hospitality, media and technology sectors. Over the past five years, since the appointment of Professor Francesco Gardin as CEO, the Company has been progressively moving its investment focus away from the leisure and hospitality sectors, and towards the technology sector; specifically seeking investment opportunities within the high growth blockchain, cryptocurrencies, artificial intelligence and interactive media sectors.
The rationale for this change in focus is to utilise the expertise of Professor Gardin within these high growth sectors, whilst also taking into account that the Company’s involvement in its litigation in relation to its legacy Italian leisure assets is gradually drawing to a close.
The proposed new investing policy is as follows:
“The Company invests in the technology sector, with special focus on, but not limited to, Blockchain, Artificial Intelligence, Cryptocurrencies and Quantum computing.
As well as making direct investments, the Company may also act as Investment Manager for one or more selected venture capital funds, in compliance with the FCA regulations, which identify, invest in and acquires companies, assets and projects in the technology sector which show excellent growth potential on a stand-alone basis and which would add value to the Company’s portfolio of investments.
The Company may make investments in target businesses at all stages of development.
The majority of investments will be made in unlisted companies, however listed companies may, from time to time, be considered on a selective basis.
The geographical focus will be mainly Europe, but investments may also be considered in other regions to the extent the Board considers that valuable opportunities exist, and positive returns can be achieved.
The Board expects that investments will typically be held for the medium to long term, although shor