REG-Clear Leisure Plc: Reschedule of Loans' Maturity Date

Quantum Blockchain TechnologiesAnnouncement

05/10/2020 12:10

6 October 2020

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

Reschedule of Loans’ Maturity Date

The Board of Clear Leisure (AIM: CLP) is pleased to announce that Eufingest SA
(“Eufingest”) has agreed to extend the repayment date of all Eufingest
loans advanced to the Company amounting to €3,375,000 and £30,000 (“the
Loans”) to 31 October 2020 or such earlier date as may be agreed with the
Company.

As previously disclosed in its announcement of 17 August 2020, following the
reciept of funds from the Mediapolis court approved settlement, the Company
paid €550,000 plus interest of €11,157 to Eufingest. This payment has
repaid the loans advanced to the Company by Eufingest announced on 30 July
2019, 16 October 2019 and 18 February 2020. 

All other terms and conditions of the Loans remain unchanged. Whilst there can
be no certaintanty that Eufingest will continue to extend the repayment date
of the Loans, the Board continues to engage in a postive dialogue with
Eufingest who has supported the Company over many years and the Board remains
confident that Eufingest will continue to do so.

Eufingest is a substantial shareholder of the Company as defined by the AIM
Rules for Companies. The extension of the repayment date of the Loans is
therefore a related party transaction pursuant to AIM Rule 13 of the AIM Rules
for Companies. The directors of Clear Leisure, having consulted with its
nominated adviser, consider that the transaction is fair and reasonable
insofar as its shareholders are concerned.

Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented, “I
wish to thank Eufingest for its continuous and ongoing support to the Company,
as it has demonstrated once again.”

-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 with a
portfolio of companies primarily encompassing the leisure and real estate
sectors mainly in Italy. The focus of the management is two-fold: 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 and to seek technology related investments, with
special regard to interactive media, blockchain and AI sectors. For further
information, please visit, www.clearleisure.co.uk



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