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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 Conversion of Eufingest Loan Note

25/07/2017 1:13pm

UK Regulatory


 
TIDMCLP 
 
25 July 2017 
 
                               Clear Leisure plc 
                      ("Clear Leisure" or "the Company") 
 
                       Conversion of Eufingest Loan Note 
 
Clear Leisure (AIM: CLP), the leisure and property focused investment company, 
is pleased to announce that Eufingest SA, the Company's largest shareholder, 
has confirmed that it is converting EUR 74,830, at a conversion price of GBP 
0.0089 per share, of its EUR 2,474,830 Convertible Loan Note (as outlined in 
the announcement made by the Company on 10 May 2017). The conversion 
corresponds to 7,546,155 CLP 0.25p New Ordinary Shares. The conversion will 
result in the increase of Eufingest's holding in the Company from 26.01 per 
cent to 27.81 per cent. following the reduction resulting from the share 
placing announced on 17 July 2017. 
 
Following the conversion, the principal of the Convertible Loan Note due on 28 
April 2020 is EUR 2.4 million. 
 
The new shares will be credited as fully paid and will rank pari passu in all 
respects with the existing ordinary shares of 0.25 pence each in the capital of 
the Company, including the right to receive all dividends and other 
distributions declared, made or paid in respect of such shares after the date 
of issue. 
 
Trading in the converted shares will commence on or around 31 July 2017. 
 
The Company's enlarged issued share capital will comprise 310,291,286 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. 
 
Francesco Gardin, Chairman and CEO of Clear Leisure, commented, "The conversion 
agreement with our largest shareholder Eufingest demonstrates once again its 
support for the Company's strategy." 
 
                                    -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/Peter Trevelyan-Clark 
 +44 (0)20 7060 2220 
 
Peterhouse Corporate Finance (Broker) 
 
Lucy Williams / Heena Karani 
  +44 (0) 20 7469 0935 
 
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 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 25, 2017 08:13 ET (12:13 GMT)

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