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Mediapolis hearing update

29 Sep 2017 10:24

Clear Leisure Plc - Mediapolis hearing update

Clear Leisure Plc - Mediapolis hearing update

PR Newswire

London, September 29

29 September 2017

Clear Leisure Plc(“Clear Leisure” or “the Company”)

Mediapolis hearing update

As previously advised by the Company, the Ivrea Court reconvened today for the hearing to consider the winding up petition of Mediapolis srl. No announcement has been issued by the Court regarding today’s proceedings and no firm date has been given as to when the Court will announce its findings.

However, the Company has provided to the Court further evidence of settlements with creditors, including the €500,000 payment to settle a €4.29 million loan with the transfer of the right to Clear Leisure. The Company has irrevocably committed to convert the full amount of this €4.29 million in Mediapolis srl into new capital, at a General Meeting of Mediapolis’ shareholders to be held in due course.

Francesco Gardin, CEO and Executive Chairman of Clear Leisure, commented, "Although we are, obviously, hoping for a favourable ruling as a result of both the new evidence Mediapolis’ lawyers submitted to the Court today and that tendered over the past months, the outcome remains in the hands of the judges."

-ends-

For further information please contact:

Clear Leisure plc+39 335 296573

Francesco Gardin, CEO and Executive Chairman

ZAI Corporate Finance (Nominated Adviser)+44 (0)20 7060 2220

Tim Cofman / Luis Brime

Peterhouse Corporate Finance (Broker)+44 (0) 20 7469 0935

Lucy Williams / Heena Karani

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. For further information, please visit, www.clearleisure.co.uk

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Date   Source Headline
10th Apr 20157:00 amPRNChange of Adviser and Resumption of Trading on AIM
7th Apr 20157:00 amPRNUpdate On Winding Up Petition
11th Mar 20153:47 pmPRNResignation of Nominated Adviser & Broker, Result of AGM
11th Mar 20152:15 pmRNSSuspension - Clear Leisure plc
2nd Mar 20157:00 amPRNFundraising
27th Feb 20157:00 amPRNUpdate
24th Feb 20157:00 amPRNMediapolis Update
23rd Feb 20157:00 amPRNAgreed Sale of H&L Fund
18th Feb 20157:00 amPRNReceipt of Winding Up Petition
17th Feb 201510:50 amPRNPosting of Circular and Notice of AGM
2nd Feb 20157:00 amPRNMediapolis update
12th Jan 20157:00 amPRNMediapolis update
16th Dec 20147:30 amRNSRestoration - Clear Leisure plc
16th Dec 20147:00 amPRNPublication of Accounts and Restoration of Trading
15th Dec 20145:24 pmPRNFinal Results for year ended 31 Dec 2013
15th Dec 20145:18 pmPRNHalf-yearly Report
3rd Dec 20148:55 amPRNDate of Final Results
28th Oct 20147:00 amPRNTrading Update
18th Aug 20147:00 amBUSTrading Update
24th Jun 20142:30 pmRNSSuspension - Clear Leisure Plc
24th Jun 20142:30 pmBUSTemporary Suspension
13th Jun 20147:00 amBUSMediapolis Included in the “Decreto Sblocca Italia”
12th Jun 20147:00 amBUSAppointment
30th May 20147:00 amBUSClaim Against Regione Piemonte
27th May 20147:00 amBUSAcquisition
23rd May 20142:51 pmBUSCourt Decision
13th May 201410:14 amBUSCourt Hearing Update
14th Apr 20147:00 amBUSCourt Hearing Update
21st Mar 20143:03 pmBUSCourt Hearing Update
18th Mar 20147:00 amBUSLine of Credit and Grant of Security
6th Mar 20147:07 amBUSReceipt of Shares from ORH SpA
27th Feb 20147:00 amBUSCourt Decision, Proposed Issue of Special Dividend and Update on AIM Italia
17th Feb 20147:55 amBUSChange of Adviser
12th Feb 20147:00 amBUSLiquidation of ORH SpA
23rd Jan 20147:00 amBUSPositive Update on Court Proceedings
13th Jan 20147:00 amBUSMediapolis Update - Confirmation of deposit of acts
7th Jan 20147:00 amBUSAdditional Offer for Mediapolis
6th Jan 20147:00 amBUSRestaurants Division Expansion
3rd Dec 20137:00 amBUSUpdate on ORH SpA
22nd Nov 20137:00 amBUSOffer for Mediapolis
25th Oct 20137:00 amBUSAppointment of Joint Broker And Update
22nd Oct 20137:00 amBUSTemporary Suspension of ORH Operations
18th Oct 20132:43 pmBUSDirectorate Change
20th Sep 20137:00 amBUSHalf-yearly Report
29th Aug 20137:00 amRNSDirectorate Change
7th Aug 20132:23 pmRNSAGM Statement
1st Aug 201312:07 pmRNSNotice of AGM
30th Jul 20137:00 amRNSORH SpA, Exclusive Agreement With Alpitour SpA
16th Jul 20137:00 amRNSExclusive Agreement with Thomas Cook
24th Jun 20137:00 amRNSFinal Results
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