Clear Leisure Plc Extension of Eufingest Loans

 
TIDMCLP 
 
4 June 2020 
 
                               Clear Leisure Plc 
                      ("Clear Leisure" or "the Company") 
 
                      Reschedule of Loans' Maturity Date 
 
The Board of Clear Leisure (AIM: CLP) is pleased to announce that Eufingest SA 
("Eufingest") has agreed to extend repayment of the following loans amounting 
to EUR3,925,000 and GBP30,000 to 30 September 2020 or such earlier date as may be 
agreed with the Company, (altogether the "Loans"): 
 
  Amount     Date of Loan   Interest Convertible Original Date to Reschedule Date (if 
                              Rate                   Maturity             any) 
 
EUR2,475,000 28 April 2017       1%        YES     28 April 2020 
 
EUR50,000    7 December 2017    2.5%       YES     31 March 2018     1. 30 September 
                                                                      2018 
                                                                   2. 31 December 2018 
                                                                   3. 31 March 2019 
                                                                   4. 31 December 2019 
                                                                   5. 28 April 2020 
 
EUR200,000   27 December 2017   2.5%       YES     27 December 2019 28 April 2020 
 
EUR250,000   2 January 2018     2.5%       YES     31 March 2018     1. 30 September 
                                                                      2018 
                                                                   2. 31 December 2018 
                                                                   3. 31 March 2019 
                                                                   4. 30 June 2019 
                                                                   5. 31 December 2019 
                                                                   6. 28 April 2020 
 
EUR200,000   3 October 2018     2.5%       NO      31 December 2018  1. 31 March 2019 
                                                                   2. 30 June 2019 
                                                                   3. 31 December 2019 
                                                                   4. 28 April 2020 
 
EUR200,000   24 June 2019       2.5%       NO      31 December 2019 28 April 2020 
 
EUR250,000   30 July 2019       2.5%       NO      30 September      1. 31 December 2019 
                                                 2019              2. 28 April 2020 
 
EUR150,000   16 October 2019    2.5%       NO      31 December 2019 28 April 2020 
 
GBP30,000    16 October 2019    2.5%       NO      31 December 2019 28 April 2020 
 
EUR150,000   18 February 2020   2.5%       NO      30 June 2020 
 
All other terms and conditions of the Loans remain unchanged. 
 
Eufingest is a substantial shareholder of the Company as defined by the AIM 
Rules for Companies. The extension of the repayment date of the Loans is 
therefore a related party transaction pursuant to AIM Rule 13 of the AIM Rules 
for Companies. The directors of Clear Leisure, having consulted with its 
nominated adviser, consider that the transaction is fair and reasonable insofar 
as its shareholders are concerned. 
 
Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented, "I 
wish to thank Eufingest for its continuous and ongoing support to the Company, 
as demonstrated once again." 
 
                                    -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)  [phone] 
Jeff Keating / John Mackay 
 
 
Leander (Financial PR)                          [phone] 
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 the management is two-fold: 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 and to seek technology related investments, with 
special regard to interactive media, blockchain and AI sectors. For further 
information, please visit, www.clearleisure.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

June 04, 2020 02:00 ET (06:00 GMT)