REG-Clear Leisure Plc: SoSushi 2014 Financials <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

23/04/2015 07:00

23 April 2015

                               Clear Leisure plc                               

                       ("Clear Leisure" or "the Company)                       

                            SoSushi 2014 Financials                            


The company is pleased to announce that the 2014 SoSushi financials have been
approved by the SoSushi Shareholder AGM.

Since the Company's acquisition of its 99.3% stake, SoSushi has been
restructured and simplified.

During the restructuring, which is still in progress, the best franchises have
been re-signed with improved contract terms; others, without adequate quality
standards, were terminated.

SoSushi today comprises 5 franchises based on the new agreements and 4 in
negotiation. SoSushi now has no directly owned restaurants in Italy, but
receives a monthly fee from an affiliated restaurant and from 2015, 4% of the
yearly revenue of each franchise restaurant. The average annual sales of a
franchise are about €300,000.

The Company has started a program to open directly owned restaurants in the
major capitals in Eastern Europe (with attractive margins, economic growth and
much lower costs). The first one has already been opened and operating
profitably since January 2015.

In 2014, SoSushi reported an income of €70,279, a profit of €45,077 and a net
equity value of €698,608.


For further information please contact:

Alfredo Villa, CEO and Executive Chairman                 Tel: +39 02 4795 1642
                                                           www.clearleisure.com

ZAI Corporate Finance Limited (Nominated Adviser)                              
Tim Cofman / Daphne Zhang                             Tel: +44 (0) 20 7060 2220

Peterhouse Corporate Finance (Broker)                                          
Lucy Williams / Heena Karani                          Tel: +44 (0) 20 7469 0935

About Clear Leisure Plc

Clear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing a
dynamic strategy to create a comprehensive portfolio of companies primarily
encompassing the leisure and real estate sectors mainly in Italy but also other
European countries. 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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