REG-Clear Leisure Plc: Sipiem Court Hearing Update

Quantum Blockchain TechnologiesAnnouncement

11/03/2021 07:05

11 March 2021

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

Sipiem Court Hearing Update

The Board of Clear Leisure (AIM: CLP) wishes to advise that due to the
Covid-19 delays at the Court of Venice, the Court hearing due to be held on 10
March 2021 has been rescheduled to 26 May 2021.

At the hearing, the previously appointed independent expert will inform the
Judge of the Court about the final assessment of the economic merit of the
claim against Sipiem’s previous management and internal audit committee.

Despite a slight delay in the Court hearing, the Company remains confident of
the outcome of the litigation, given the strong foundations of the claim.

Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented,
“Given the advanced stage of the process, the remaining legal work will
require very limited involvement of the Company’s management, allowing the
main focus of the Company to be its new cryptocurrencies investment
strategy.”

For further information please contact:

 Clear Leisure Plc Francesco Gardin, CEO and Executive Chairman        +39 335 296573        
 SP Angel Corporate Finance (Nominated Adviser & Broker) Jeff Keating  +44 (0)20 3470 0470   
 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 which has
recently realigned its strategic focus to technology related investments, with
special regard to interactive media, blockchain and AI sectors. The Company
also has shareholdings in a number of historical investments, primarily in
Italian real estate companies, which it is currently seeking through court
action, compensation from previous management for mismanagement.

For further information, please visit, www.clearleisure.co.uk



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