REG-Clear Leisure Plc: Trading Update <Origin Href="QuoteRef">CLPC.L</Origin>

Quantum Blockchain TechnologiesAnnouncement

24/11/2014 14:48

28 October 2014

                               Clear Leisure plc                               

                      ("Clear Leisure" or "the Company")                       

                                Trading Update                                 

Clear Leisure, the AIM traded (AIM: CLP) specialist investment company, is
pleased to provide the following trading update.

Mediapolis

As a result of a successful issuance of bonds, further details of which are
provided below, the Company has participated in the first part of a two part
fundraising by Mediapolis in order to provide Mediapolis with working capital
for the professional fees to separate the license assets from the land assets.

The Company's initial participation was for EUR 200,000 with a further
subscription expected in the region EUR 180,000. Following the second
subscription, Clear Leisure's interest in Mediapolis will increase from
approximately 69.5 per cent. to approximately 88 per cent.

Ondaland

The Company continues to negotiate the terms of the possible acquisition of 100
per cent. of the real estate assets of the Ondaland waterpark.

The Company will keep the market appraised of further developments.

Financial Results

As announced on 18 August 2014, the Company regained access to necessary
financial information and has now completed the audit of its Italian assets, in
conjunction with Baker Tilly Revisa, Italy. This information is being passed to
its UK auditor, Welbeck & Associates, and it is expected the UK audit will take
four weeks to conclude. The Company, therefore, expects to release both its
final results to the year ended 31 December 2013 and its interim results for
the half year ended 30 June in the first week of December 2014.

Working Capital

As also announced on 18 August 2014, the Company can report that it has
successfully placed EUR 450,000 of its 0% December 2015 bond, at a price of
91.5% of the value of the bond, to a Swiss-based investor, raising EUR 411,750
for the Company. These funds have been used to subscribe to an increase in
capital in Mediapolis SpA and will be used for general working capital
purposes.

As a result of the uptake of the bond, the Company is considering raising
further funds in a similar manner, which would be used for the further increase
in capital in Mediapolis and for working capital purposes.

                                    -ends-                                     

For further information please contact:

Clear Leisure plc +39 02 4795 1642

Alfredo Villa, CEO

Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900

Jo Turner

Peterhouse Corporate Finance (Joint Broker) +44 (0) 20 7469 0935

Lucy Williams / Heena Karani

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 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



END



Copyright © 2014 PR Newswire Association, LLC. All Rights Reserved