Clear Leisure Plc Loan Note Facility

 
TIDMCLP 
 
3 October 2018 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
                                 Loan Facility 
 
The Board of Clear Leisure (AIM: CLP) is pleased to announce that the Company 
has entered into a new unsecured loan facility agreement (the "Facility") with 
Eufingest SA ("Eufingest"). 
 
Under the Facility, Eufingest has provided EUR200,000 at an interest rate of 2.5 
per cent per annum.  The Facility is repayable on 31 December 2018 and the 
proceeds will be used for working capital purposes. 
 
Eufingest is the beneficial holder of more than 10 per cent of the ordinary 
share capital of the Company. Eufingest is therefore a "related party" for the 
purposes of the AIM Rules. 
 
The Directors of the Company (both of whom are independent of Eufingest), 
having consulted with the Company's nominated adviser, consider the terms of 
the transaction to be fair and reasonable insofar as shareholders are 
concerned. 
 
                                    -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 03, 2018 02:00 ET (06:00 GMT)