22 November
2019
Clear Leisure
Plc
(“Clear Leisure” or “the
Company”)
Update on Proceeds from
Mediapolis Land Auction
Further to the announcement of 19
September 2019, the Company reports that the Court of Ivrea
met today to consider the proposed allocation of funds from the
sale of the Mediapolis land assets in favor of the Mediapolis
Bankruptcy Trustee, (“Fallimento Mediapolis Srl”). The result of
the meeting is expected to be received by the Company’s lawyers
within the next few days. Once received, the Company will issue a
futher update. Should the Court rule in favour of Fallimento
Mediapolis Srl, it will be responsible for distributing such funds
in favor of Clear Leisure 2017 Limited, less certain expenses.
-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
with a portfolio of
companies primarily encompassing the leisure and real estate
sectors mainly in Italy. The focus
of the 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 realigned its strategic focus
to technology related investments, with special regard to
interactive media, blockchain and AI sectors. For further
information, please visit, www.clearleisure.co.uk