2 Feb 2015 07:00
CLEAR LEISURE PLC - Mediapolis updateCLEAR LEISURE PLC - Mediapolis update
PR Newswire
London, January 30
2 February 2015 Clear Leisure plc ("Clear Leisure" or "the Company) Mediapolis update Further to the announcement of 12 January 2015, the Company is pleased toannounce that at the Annual General Meeting of Mediapolis S.p.A ("Mediapolis")held on 26 January 2015, shareholders approved Mediapolis' unaudited annualreport and financial statements for the year ended 31 December 2014 which havesubsequently been filed. In these financial statements, Mediapolis reported a profit before tax of EUR7'425'326 and net shareholder equity (net of the all Mediapolis debts) of EUR24'346'116. As a result of its recent subscription, Clear Leisure has aninterest in Mediapolis of 82.4 per cent. Whilst Mediapolis's accounts have been approved by the shareholders, theaccounts were not subject to an audit as Mediapolis is a privately heldcompany. In order to assist with the preparation of Clear Leisure's report andaccounts for period ending 31 December 2014, Mediapolis has appointedAudirevi-Nexia, a Milan based Auditor which has commenced the process. The Company further announces that, on 28 January 2015, Mediapolis formallylodged two claims a claim for damages for up to EUR 39'650'000 against RegionePiemonte as a result of unacceptable delays in obtaining specific buildingpermits from 1999 to present. The Company advises that, for prudent accounting procedures, no value wasattributed to the claim for damages against Regione Piemonte in Mediapolis'annual report and financial statements. The Company will keep the market appraised of future developments. For further information please contact: Clear Leisure plc +39 02 4795 1642Alfredo Villa, CEO Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900Jo Turner / Liam Murray Peterhouse Corporate Finance (Broker) +44 (0) 20 7469 0935Lucy Williams / Heena Karani About Clear Leisure Plc Clear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing adynamic strategy to create a comprehensive portfolio of companies primarilyencompassing the leisure and real estate sectors mainly in Italy but also otherEuropean countries. The Company may be either a passive or active investor andClear Leisure's investment rationale ranges from acquiring minority positionswith strategic influence through to larger controlling positions. For furtherinformation, please visit, www.clearleisure.com