30 Apr 2015 11:44
CLEAR LEISURE PLC - Reorganisation of interest in Ondaland and Asset ValueCLEAR LEISURE PLC - Reorganisation of interest in Ondaland and Asset Value
PR Newswire
London, April 30
30 April 2014 Clear Leisure Plc ("Clear Leisure" or "the Company") Reorganisation of interest in Ondaland and Asset Value The Company is pleased to announce the completion of the audits of thecompanies holding its interests in Sipiem/TLT (Ondaland Water Park) as ofDecember 31, 2014. The the net asset value attributable to Clear leisure, shown by these accountsis €7,614,460 or £5,930,000. The Company owns 50.1% of Sipiem, and through this company an interest of 66%in the company owing the Ondaland waterpark. The Company has signed anagreement in principle to swap this interest for 100% of the Ondaland's realestate assets which were evaluated by a December 2014 appraisals at €7,500,000.This deal is expected to complete during 2015, and Clear Leisure's Italianadvisor Foradvisor srl, is actively negotiation the final terms. For further information please contact: Clear Leisure Plc Tel: +39 02 4795 1642Alfredo Villa, CEO ZAI Corporate Finance Limited (Nominated Adviser) Tel: +44 (0) 20 7060 2220Tim Cofman / Daphne Zhang Peterhouse Corporate Finance (Joint Broker) Tel: +44 (0) 20 7469 0935Jon Levinson / 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