REG-Clear Leisure Plc: Mediapolis hearing update <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

29/09/2017 10:25

29 September 2017

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

Mediapolis hearing update

As previously advised by the Company, the Ivrea Court reconvened today for the
hearing to consider the winding up petition of Mediapolis srl. No announcement
has been issued by the Court regarding today’s proceedings and no firm date
has been given as to when the Court will announce its findings.

However, the Company has provided to the Court further evidence of settlements
with creditors, including the €500,000 payment to settle a €4.29 million
loan with the transfer of the right to Clear Leisure. The Company has
irrevocably committed to convert the full amount of this €4.29 million in
Mediapolis srl into new capital, at a General Meeting of Mediapolis’
shareholders to be held in due course.

Francesco Gardin, CEO and Executive Chairman of Clear Leisure, commented,
"Although we are, obviously, hoping for a favourable ruling as a result of
both the new evidence Mediapolis’ lawyers submitted to the Court today and
that tendered over the past months, the outcome remains in the hands of the
judges."

-ends-

For further information please contact:

Clear Leisure plc
+39 335 296573

Francesco Gardin, CEO and Executive Chairman

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

Tim Cofman / Luis Brime

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

Lucy Williams / Heena Karani

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.co.uk



Copyright (c) 2017 PR Newswire Association,LLC. All Rights Reserved