REG-Clear Leisure Plc: Result of Bond Holder Meeting <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

03/01/2017 07:00

3 January 2017

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

Result of the Bond Holders Meeting

Clear Leisure is pleased to announce that at the meeting of bondholders held
on 30 December 2016, at the Company's registered office at 22 Great James
Street, London WC1N 3ES, to vote on its EUR 9.9 million Bond (the "Bonds"),
due 15 December 2017, all the resolutions were passed. Under the new terms of
the Bonds the final maturity date is 15 December 2018 and the interest has
been reduced from 7% to 1%.

Based on the EUR 6.9 million of Bonds in issue today, the Company will achieve
an interest saving of EUR 792,000 (£671,000).

Eufingest is the beneficial holder of more than 10 per cent of the ordinary
share capital of the Company and, together with its related parties, is a
substantial holder of the Bonds.  Eufingest is 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 alteration of terms to be fair and reasonable insofar as
shareholders are concerned.

Francesco Gardin, the CEO and Chairman of the Company commented: "I am pleased
to announce we have completed the restructuring of the Bond interest and
maturity date, allowing Clear Leisure to materially reduce the cost of its
debt instrument and extended its maturity.”

-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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