REG-Clear Leisure Plc: Loan Note Facility

Quantum Blockchain TechnologiesAnnouncement

16/10/2019 07:05

16 October 2019

Clear Leisure Plc

(“Clear Leisure” or “the Company”)

New Loan Note Facility and reschedule of existing Loan’s Maturity Date

The Company is pleased to announce that it has entered into a new unsecured
loan facility agreement (the “New Facility") with Eufingest SA
(“Eufingest”).

Under the New Facility, Eufingest will provide €150,000 and £30,000 at an
interest rate of 2.5 per cent per annum repayable on 31 December 2019. The
proceeds of the Facility will be used for working capital purposes.

Eufingest has also agreed to extend the repayment of the €250,000 Loan Note
Facility announced on 30 July 2019 (the “July Facility”) to 31 December
2019. The loan was originally due to be repaid on 30 September 2019.

As of today, debt outstanding from Eufingest amounts to €3,740,000,
inclusive of €87,000 accrued interest.

Eufingest is a substantial shareholder of the Company as defined by the AIM
Rules for Companies holding approximately 13% of the Company’s ordinary
issued share capital. The provision of the New Facility and the extension of
the repayment date of the July Facility are related party transactions
pursuant to AIM Rule 13 of the AIM Rules for Companies. The directors of Clear
Leisure, (both of whom are independent of Eufingest), having consulted with
its nominated adviser, consider that the transactions are fair and reasonable
insofar as its shareholders are concerned.

-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 which has
recently realigned its strategic focus to technology related investments, with
special regard to interactive media, blockchain and AI sectors. The Company
has an historic portfolio of assets primarily within the Italian leisure and
real estate sectors. It is pursuing a program to monetisation of all these
assets, through selected realisations, court-led recoveries of misappropriated
assets and substantial debt-recovery processes. For further information,
please visit, www.clearleisure.co.uk



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