REG-Clear Leisure Plc: Result of Bondholder Meeting

Quantum Blockchain TechnologiesAnnouncement

19/06/2018 11:50

                                                                                                                       
19 June 2018

Clear Leisure Plc

(“Clear Leisure” or “the Company”)

Result of Bondholder Meeting

Clear Leisure is pleased to announce that, at the meeting of its bondholders
held today at the Company's registered office at 22 Great James Street, London
WC1N 3ES, the resolutions announced on 11 May 2018 in respect of its €9.9
million Bond (the "Bonds") were passed. Under the new terms of the Bonds, the
final maturity date has been extended to 15 December 2022 and the Company is
now able to convert the Bonds into new ordinary shares of 0.25p each.

Based on the €6.9 million of Bonds in issue today, the Company will pay
approximately €7.4 million at the new maturity date.

Eufingest, which holds 43.48% of the Bonds, is a substantial shareholder of
the Company’s issued share capital as defined by the AIM Rules for
Companies. The amendments to the terms of the Bonds is therefore a related
party transaction pursuant to Rule 13 of the AIM Rules for Companies. The
directors of the Company (each of whom is independent of Eufingest), having
consulted with the Company's Nominated Advisor, consider the alteration of the
terms of the Bonds 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, allowing
Clear Leisure to convert the Bond and extend its maturity.”

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement.

-ends-

For further information please contact:

Clear Leisure
Plc                                                                                                               

Francesco Gardin, CEO and Executive
Chairman                           
              +39 335 296573 (tel:%2B390247951642)

SP Angel Corporate Finance (Nominated Adviser & Broker)         +44
(0)20 3407 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 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



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