18 February
2020
Clear Leisure Plc
(“Clear Leisure” or “the Company”)
New Loan Note
Facility
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 €150,000 at an
interest rate of 2.5 per cent per annum, repayable on 30 June 2020. The proceeds of the New Facility
will be used for working capital purposes. The New Facilty provided
by Eufingest is in addition to exisiting loans provided to the
Company by Eufingest as detailed in the RNS of 20 December 2019.
Eufingest is a substantial shareholder of the Company as defined
by the AIM Rules for Companies. The provision of the New Facility
is a related party transaction 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 transaction is 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 also owns shareholdings in a
number of historic investments primarily in the Italian real estate
companies, which it is currently seeking compensation through court
action.
For further information, please
visit, www.clearleisure.co.uk