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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Clear Leisure Plc | LSE:CLP | London | Ordinary Share | GB00B50P5B53 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.70 | 2.60 | 2.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
3 January 2017
Clear Leisure plc
("Clear Leisure", "the Group" or "the Company")
Result of the Bond Holders Meeting
Clear Leisure is pleased to announce that at the meeting of bondholders held on 30 December 2016, at the Company's registered office at 22 Great James Street, London WC1N 3ES, to vote on its EUR 9.9 million Bond (the "Bonds"), due 15 December 2017, all the resolutions were passed. Under the new terms of the Bonds the final maturity date is 15 December 2018 and the interest has been reduced from 7% to 1%.
Based on the EUR 6.9 million of Bonds in issue today, the Company will achieve an interest saving of EUR 792,000 (£671,000).
Eufingest is the beneficial holder of more than 10 per cent of the ordinary share capital of the Company and, together with its related parties, is a substantial holder of the Bonds. Eufingest is a "related party" for the purposes of the AIM Rules. The Directors of the Company (each of whom is independent from Eufingest), having consulted with the Company's NOMAD, consider the alteration of terms 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 interest and maturity date, allowing Clear Leisure to materially reduce the cost of its debt instrument and extended its maturity.”
-ends-
For further information please contact:
| Clear Leisure plc Francesco Gardin, CEO and Executive Chairman |
+39 335 296573 |
| ZAI Corporate Finance (Nominated Adviser) Tim Cofman/Jamie Spotswood/Peter Trevelyan-Clark |
+44 (0)20 7060 2220 |
| Peterhouse Corporate Finance (Joint Broker) Lucy Williams / Heena Karani |
+44 (0) 20 7469 0935 |
| Cadogan 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 with a portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy. 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
Copyright ry 2 PR Newswire
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