TIDMCLP 
 
16 October 2019 
 
                               Clear Leisure Plc 
 
                      ("Clear Leisure" or "the Company") 
 
    New Loan Note Facility and reschedule of existing Loan's Maturity Date 
 
The Company is pleased to announce that it has entered into a new unsecured 
loan facility agreement (the "New Facility") with Eufingest SA ("Eufingest"). 
 
Under the New Facility, Eufingest will provide EUR150,000 and GBP30,000 at an 
interest rate of 2.5 per cent per annum repayable on 31 December 2019. The 
proceeds of the Facility will be used for working capital purposes. 
 
Eufingest has also agreed to extend the repayment of the EUR250,000 Loan Note 
Facility announced on 30 July 2019 (the "July Facility") to 31 December 2019. 
The loan was originally due to be repaid on 30 September 2019. 
 
As of today, debt outstanding from Eufingest amounts to EUR3,740,000, inclusive 
of EUR87,000 accrued interest. 
 
Eufingest is a substantial shareholder of the Company as defined by the AIM 
Rules for Companies holding approximately 13% of the Company's ordinary issued 
share capital. The provision of the New Facility and the extension of the 
repayment date of the July Facility are related party transactions pursuant to 
AIM Rule 13 of the AIM Rules for Companies. The directors of Clear Leisure, 
(both of whom are independent of Eufingest), having consulted with its 
nominated adviser, consider that the transactions are fair and reasonable 
insofar as its shareholders are concerned. 
 
                                    -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)         +44 (0)20 3470 
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 which has 
recently realigned its strategic focus to technology related investments, with 
special regard to interactive media, blockchain and AI sectors. The Company has 
an historic portfolio of assets primarily within the Italian leisure and real 
estate sectors. It is pursuing a program to monetisation of all these 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

October 16, 2019 02:00 ET (06:00 GMT)

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