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

Quantum Blockchain TechnologiesAnnouncement

14/09/2016 07:10

14 September 2016

Clear Leisure plc

("Clear Leisure", "the Group" or "the Company")

Issue of Equity and Debt Conversion

The Board of Clear Leisure announces that, in response to investor demand
communicated to it today, it has raised £200,000 (before expenses) through a
placing of 22,222,222 new ordinary shares of 0.25p each, at a price of 0.9p
per share. The Placing Shares represent 7.78 per cent. of the enlarged issued
Ordinary Shares of the Company.

The funds raised will be used to accelerate the buyback of certain
subsidiaries bank debts, resulting in a substantial improvement of the
Groups’ consolidated balance sheet.

The issue of the Placing Shares is conditional, inter alia, on admission to
trading on AIM (“Admission”). Application has been made for the Admission
of the Shares and it is expected to occur at 8.00 am on 19 September 2016. On
Admission, the Shares will rank pari passu with the Company’s existing
Ordinary Shares.

Issue of Warrants

In connection with the Placing Shares, it is proposed that the Company enter
into a warrant instrument pursuant to which the Company will issue one warrant
for every one Placing Share with an exercise price of 1.5p subscribed for
pursuant to the placing. The 22,222,222 warrants may be exercised at any time
within 6 months of Admission of the Placing Shares, will not be admitted to
trading on any market, but will be freely transferable.

Francesco Gardin, CEO and Chairman of Clear Leisure, commented: "I am very
pleased by the continuing and growing confidence being shown in the Company by
professional investors. This further demonstration of support for Clear
Leisure from the investment community provides the opportunity to increase the
free float of the Company and provide additional funding to enable us to press
forward with delivering on our strategy, as outlined in our RNS of 12
September.

“Today’s fund raise is directly a response to new institutional investor
demand, and allows an increase in the Company’s free float, whilst enabling
a materially beneficial retirement of subsidiary debt at high discount”.

Total voting rights

Following Admission of the Placing Shares, the Company's enlarged issued share
capital will comprise xxxx Ordinary Shares. The Company does not hold any
shares in treasury. Therefore, the total number of Ordinary Shares with voting
rights will be xxx. This figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.

-ends-

For further information please contact:

 Clear Leisure plc Francesco Gardin, CEO and Executive Chairman                              +39 335 296573        
 ZAI Corporate Finance (Nominated Adviser) Tim Cofman/Jamie Spotswood/Peter Trevelyan-Clark  +44 (0)20 7060 2220   
 Peterhouse Corporate Finance (Joint Broker) Lucy Williams / Heena Karani                    +44 (0) 20 7469 0935  
 Cadogan Leander (Financial PR) Christian Taylor-Wilkinson                                   +44 (0) 7795 168 157  

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 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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