4 December
2019
Clear Leisure
Plc
(“Clear Leisure” or “the
Company”)
Update on Proceeds from
Mediapolis Land Auction
Further to its announcement on 22
November 2019, the Company reports that the Court of Ivrea
has ruled on the distribution of funds from the sale of the
Mediapolis land assets. The ruling requires the auctioneer to
transfer to the receiver in charge of the liquidation of the asset
the sum of €1,938,469.98.
The Company will make a further announcement once it has been
informed by its Italian lawyers of the timing of the transfer of
funds to Clear Leisure 2017 Ltd.
-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