REG-Clear Leisure Plc: Reschedule of Eufingest Loans Repayment Dates <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

31/03/2017 10:10

31 March 2017

Clear Leisure plc

("the Company")

Reschedule of Eufingest Loans Repayment Dates

The Board is pleased to announce that the Company has reached an agreement
with Eufingest S.A. (“Eufingest”), whereby the repayment dates of EUR
1,271,999 outstanding loans, including interests matured to date, have been
rescheduled.

The facilities are now repayable by 31 December 2017 and carry an interest of
2.5%. At any time before 31 December 2017, Eufingest may convert the
outstanding balance at the conversion rates previously agreed.

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

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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