5 Oct 2018 14:30
Clear Leisure Plc - Conversion of Outstanding BondClear Leisure Plc - Conversion of Outstanding Bond
PR Newswire
London, October 5
5 October 2018
Clear Leisure Plc
(“Clear Leisure” or “the Company”)
Conversion of Outstanding 2010 7% Bond
The Board of Clear Leisure (AIM: CLP) announces that it has allotted and issued 1,625,000 new ordinary Clear Leisure shares on conversion by two bondholders of the 2010 7% Bonds (“Bonds”) with a face value of £65,000 into the ordinary share capital of the Company. The issue of shares is pursuant to an agreement reached between the Company and Bondholders in 2014.
Application has been made for the new ordinary shares to be admitted to trading on AIM with admission expected to occur on or around 12 October 2018. The new ordinary shares will rank pari passu with the existing ordinary shares of nominal value 0.25p each in the capital of the Company (the "Ordinary Shares").
Following admission, the Company's enlarged issued share capital will comprise 514,717,462 Ordinary Shares. This figure may be used by shareholders in the Company 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.
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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 launched a joint venture initiative in the cryptocurrency mining sector. For further information, please visit, www.clearleisure.co.uk