Clear Leisure Plc Placing

 
TIDMCLP 
 
17 July 2017 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
                                    Placing 
 
The Board of Clear Leisure Plc announces that it has today raised a total of GBP 
150,000 (gross of expenses) through a placing of 13,043,478 ordinary shares of 
0.25 pence ("Placing Shares") at a price of 1.15 pence per share. The funds 
raised will be used for general working capital purposes and to help fund the 
current litigation to recover past investments. 
 
The issue of the Placing Shares is conditional, inter alia, on admission to 
trading on AIM ("Admission"). Application has been made for the Admission of 
the Shares and it is expected to occur at 8.00 am on 21 July 2017. On 
Admission, the Shares will rank pari passu with the Company's existing Ordinary 
Shares. 
 
Following Admission, the Company's enlarged issued share capital will comprise 
302,745,131 Ordinary Shares. This figure may be used by shareholders in the 
Company as the denominator for the calculations by which they will determine if 
they are required to notify their interest in, or a change in their interest 
in, the share capital of the Company under the FCA's Disclosure and 
Transparency Rules. 
 
                                    -ends- 
 
For further information please contact: 
 
Clear Leisure 
plc 
[phone] 
 
Francesco Gardin, CEO and Executive Chairman 
 
ZAI Corporate Finance (Nominated Adviser) 
                                              [phone] 
 
Tim Cofman / John Treacy 
 
Peterhouse Corporate Finance (Broker) 
                                                   [phone] 
 
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 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.com 
 
 
 
END 
 

(END) Dow Jones Newswires

July 17, 2017 08:31 ET (12:31 GMT)