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Reschedule of Loans' Maturity Date

29 Mar 2019 11:35

Clear Leisure Plc - Reschedule of Loans' Maturity Date

Clear Leisure Plc - Reschedule of Loans' Maturity Date

PR Newswire

London, March 29

29 March 2019

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

Reschedule of Loans’ Maturity Date

The Board of Clear Leisure (AIM: CLP) is pleased to announce that Eufingest SA has agreed to extend repayment of the following loans from 31 March 2019 to 30 June 2019 (or such earlier date as may be agreed with the Company):

€50,000 and €250,000 as first announced on 07 December 2017 and 02 January 2018 respectively; and

€200,000 as first announced on 03 October 2018

(together “the Loans”).

All other terms and conditions of the Loans remain unchanged.

Eufingest is a substantial shareholder of the Company as defined by the AIM Rules for Companies. The extension of the Loans maturity is therefore a related party transaction pursuant to AIM Rule 13 of the AIM Rules for Companies. The directors of Clear Leisure, having consulted with its nominated adviser, consider that the transaction is fair and reasonable insofar as its shareholders are concerned.

-ends-

For further information please contact:

Clear Leisure PlcFrancesco Gardin, CEO and Executive Chairman+39 335 296573

SP Angel Corporate Finance (Nominated Adviser & Broker)Jeff Keating / John Mackay+44 (0)20 3470 0470

Leander (Financial PR)Christian Taylor-Wilkinson+44 (0) 7795 168 157

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 in Italy. The focus of the current management continues to be the pursuit of 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 realigned its strategic focus to technology related investments, with special regard to interactive media, blockchain and Artificial Intelligence sectors. 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
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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
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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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