Clear Leisure Plc Conversion of Outstanding Bond

 
TIDMCLP 
 
5 October 2018 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
                    Conversion of Outstanding 2010 7% Bond 
 
The Board of Clear Leisure (AIM: CLP) announces that it has allotted and issued 
1,625,000 new ordinary Clear Leisure shares on conversion by two bondholders of 
the 2010 7% Bonds ("Bonds") with a face value of GBP65,000 into the ordinary 
share capital of the Company. The issue of shares is pursuant to an agreement 
reached between the Company and Bondholders in 2014. 
 
Application has been made for the new ordinary shares to be admitted to trading 
on AIM with admission expected to occur on or around 12 October 2018.  The new 
ordinary shares will rank pari passu with the existing ordinary shares of 
nominal value 0.25p each in the capital of the Company (the "Ordinary Shares"). 
 
Following admission, the Company's enlarged issued share capital will comprise 
514,717,462 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 
 
SP Angel Corporate Finance (Nominated Adviser & Broker)         [phone] 
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

October 05, 2018 09:30 ET (13:30 GMT)