REG-Clear Leisure Plc: Extension of Eufingest Loans

Quantum Blockchain TechnologiesAnnouncement

04/06/2020 07:05

4 June 2020

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
(“Eufingest”) has agreed to extend repayment of the following loans
amounting to €3,925,000 and £30,000 to 30 September 2020 or such earlier
date as may be agreed with the Company, (altogether the “Loans”):

    Amount       Date of Loan    Interest Rate  Convertible  Original Date to Maturity  Reschedule Date (if any)  
 €2,475,000    28 April 2017           1%           YES      28 April 2020                                        
 €50,000       7 December 2017        2.5%          YES      31 March 2018              1. 30 September 2018      
                                                                                        2. 31 December 2018       
                                                                                        3. 31 March 2019          
                                                                                        4. 31 December 2019       
                                                                                        5. 28 April 2020          
 €200,000      27 December 2017       2.5%          YES      27 December 2019           28 April 2020             
 €250,000      2 January 2018         2.5%          YES      31 March 2018              1. 30 September 2018      
                                                                                        2. 31 December 2018       
                                                                                        3. 31 March 2019          
                                                                                        4. 30 June 2019           
                                                                                        5. 31 December 2019       
                                                                                        6. 28 April 2020          
 €200,000      3 October 2018         2.5%           NO      31 December 2018           1. 31 March 2019          
                                                                                        2. 30 June 2019           
                                                                                        3. 31 December 2019       
                                                                                        4. 28 April 2020          
 €200,000      24 June 2019           2.5%           NO      31 December 2019           28 April 2020             
 €250,000      30 July 2019           2.5%           NO      30 September 2019          1. 31 December 2019       
                                                                                        2. 28 April 2020          
 €150,000      16 October 2019        2.5%           NO      31 December 2019           28 April 2020             
 £30,000       16 October 2019        2.5%           NO      31 December 2019           28 April 2020             
 €150,000      18 February 2020       2.5%           NO      30 June 2020                                         

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 repayment date of the Loans 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.

Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented, “I
wish to thank Eufingest for its continuous and ongoing support to the Company,
as demonstrated once again.”

-ends-

For further information please contact:

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

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

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 the management is two-fold: 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 and to seek technology related investments, with
special regard to interactive media, blockchain and AI sectors. For further
information, please visit, www.clearleisure.co.uk



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