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CLP Clear Leisure Plc

2.70
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Clear Leisure Plc Claim Settlement

12/12/2018 7:00am

UK Regulatory


 
TIDMCLP 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF 
EU REGULATION 596/2014 
 
                                                               12 December 2018 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
                               Claim Settlement 
 
The board of Clear Leisure is pleased to announce that, following the case 
management conference at the High Court on 9 November 2018 referred to in the 
Company's notification of 13 November 2018, a full and final settlement has 
been reached with the defendants in the sum of GBP1.15 million (before legal and 
insurance expenses of nearly GBP300,000) payable in cash to Clear Leisure. 
 
The settlement will be paid in two tranches: the first being GBP500,000 payable 
by 14 December 2018 and the second tranche of GBP650,000 is payable by 7 March 
2019. 
 
Francesco Gardin, CEO and Executive Chairman of Clear Leisure, commented, "We 
are very pleased to have settled this case before the planned court hearing 
next year and for a sum which we believe reflects the appropriate outcome of 
our original investment, under the original share purchase agreement. 
 
"This is the Company's second successful asset disposal since the new board was 
appointed in 2015, and we will continue to prosecute strenuously our other 
investments where we believe the chance of achieving a positive financial 
settlement is high." 
 
                                    -ends- 
 
For further information please contact: 
 
Clear Leisure Plc 
 
+39 335 296573 
 
Francesco Gardin, CEO and Executive Chairman 
 
SP Angel Corporate Finance (Nominated Adviser & Broker)         +44 (0)20 3470 
0470 
 
Jeff Keating / John 
Mackay 
 
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. The Company has recently launched a joint venture initiative in the 
cryptocurrency mining sector. For further information, please visit, 
www.clearleisure.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

December 12, 2018 02:00 ET (07:00 GMT)

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