REG-Clear Leisure Plc: Loan Facility <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

03/02/2017 12:35

3 February 2017

Clear Leisure plc

("Clear Leisure" or "the Company")

LOAN FACILITY

The Board is pleased to announce that the Company has entered into an
unsecured convertible loan facility agreement (the Facility") with Eufingest
S.A ("Eufingest"), a Swiss investor and major shareholder in the Company.

Under the Facility, Eufingest provides EUR 60,000 at an interest rate of 2.5
per cent per annum.  The Facility is repayable on 31 March 2017 and the
proceeds will be used for working capital purposes.

The Company may repay the Facility early at any time without penalty.  At
any time before 31 March 2017, Eufingest may convert the outstanding balance
of the Facility into Shares at the rate of 0.85 pence per Share.

Including today’s loan facility, the total of loans outstanding with
Eufingest is now EUR 1,168,389.90, including interest. This amount excludes
any holding by Eufingest in the Company’s bonds.

Eufingest is the beneficial holder of more than 10 per cent of the ordinary
share capital of the Company.  Eufingest is therefore a "related party" for
the purposes of the AIM Rules.

The Directors of the Company (each of whom is independent from Eufingest),
having consulted with the Company's NOMAD, consider the terms of the
transaction to be fair and reasonable insofar as shareholders are concerned.

Eufingest, as the largest shareholder, remains fully supportive of the
Board’s efforts to realise value from its investments.

-ends-

For further information please contact:

Clear Leisure plc                      +39 335 296573
(tel:%2B390247951642)

Francesco Gardin, CEO and Executive Chairman

ZAI Corporate Finance (Nominated Adviser)            +44 (0)20 7060 2220

Tim Cofman/Jamie Spotswood/Peter
Trevelyan-Clark                                              

Peterhouse Corporate Finance (Broker)           +44 (0) 20 7469 0935

Lucy Williams / Heena Karani

Cadogan 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 management is 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. For further information, please visit, www.clearleisure.com 



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