REG-Clear Leisure Plc: Agreed Sale of H&L Fund <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

23/02/2015 07:01

23 February 2015

                               Clear Leisure plc                               

                       ("Clear Leisure" or "the Company)                       

                               Agreed Sale of H&L Fund                                

The board Clear Leisure is pleased to announce that it has agreed to sell
Alnitak Sarl ("Alnitak"), the vehicle which controls the entire share capital
of the Hospitality & Leisure Fund ("H&L Fund"), which it acquired on 23 May
2014.

The Company has agreed a sale price of Alnitak of EUR 500'000. As a result of
the fund being regulated and needing change of control approval, the sale is
expected to be realised on or before 15 June 2015. This investment was reported
in Clear Leisure's half yearly report to 30 June 2014 at a value of EUR 30'000,
therefore, on completion of the sale, realising a profit on disposal of EUR
470'000.

Further to the announcement of 18 February 2015, the realisation from the sale
of the H&L fund significantly exceeds the Company's short term creditors
including the full sum of the disputed claim by Westhouse.

For further information please contact:

Clear Leisure plc +39 02 4795 1642
Alfredo Villa, CEO

Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900
Jo Turner / Liam Murray

Peterhouse Corporate Finance (Broker) +44 (0) 20 7469 0935
Lucy Williams / Heena Karani

About Clear Leisure Plc

Clear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing a
dynamic strategy to create a comprehensive portfolio of companies primarily
encompassing the leisure and real estate sectors mainly in Italy but also other
European countries. The Company may be either a passive or active investor and
Clear Leisure's investment rationale ranges from acquiring minority positions
with strategic influence through to larger controlling positions. For further
information, please visit, www.clearleisure.com



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