Clear Leisure Plc Result of Bondholder Meeting

 
TIDMCLP 
 
19 June 2018 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
                         Result of Bondholder Meeting 
 
Clear Leisure is pleased to announce that, at the meeting of its bondholders 
held today at the Company's registered office at 22 Great James Street, London 
WC1N 3ES, the resolutions announced on 11 May 2018 in respect of its EUR9.9 
million Bond (the "Bonds") were passed. Under the new terms of the Bonds, the 
final maturity date has been extended to 15 December 2022 and the Company is 
now able to convert the Bonds into new ordinary shares of 0.25p each. 
 
Based on the EUR6.9 million of Bonds in issue today, the Company will pay 
approximately EUR7.4 million at the new maturity date. 
 
Eufingest, which holds 43.48% of the Bonds, is a substantial shareholder of the 
Company's issued share capital as defined by the AIM Rules for Companies. The 
amendments to the terms of the Bonds is therefore a related party transaction 
pursuant to Rule 13 of the AIM Rules for Companies. The directors of the 
Company (each of whom is independent of Eufingest), having consulted with the 
Company's Nominated Advisor, consider the alteration of the terms of the Bonds 
to be fair and reasonable insofar as shareholders are concerned. 
 
Francesco Gardin, the CEO and Chairman of the Company commented: "I am pleased 
to announce we have completed the restructuring of the Bond, allowing Clear 
Leisure to convert the Bond and extend its maturity." 
 
Market Abuse Regulation (MAR) Disclosure 
 
Certain information contained in this announcement would have been deemed 
inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 
until the release of this announcement. 
 
                                    -ends- 
 
For further information please contact: 
 
Clear Leisure Plc 
 
 
Francesco Gardin, CEO and Executive Chairman 
              [phone] 
 
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. For further information, please visit, www.clearleisure.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

June 19, 2018 06:45 ET (10:45 GMT)