Clear Leisure Plc Covid-19 Update
06 Mayo 2020 - 1:00AM
UK Regulatory
TIDMCLP
6 May 2020
Clear Leisure Plc
("Clear Leisure" or "the Company")
Covid-19 Update
The board of Clear Leisure (AIM: CLP) is pleased to give shareholders an update
on the impact of Covid-19 pandemic on Company operations.
All Italian civil and criminal ordinary legal proceedings, as well as all
procedural time limits/time bars, have been suspended from 9 March 2020 until
11 May 2020. This suspension only concerns cases where the time limits/time
bars fall within the above period.
Hearings scheduled during this period will be adjourned to a new date.
Mediations are also suspended until 11 May 2020.
The Italian Courts remain open but only for urgent matters such as arrests or
payment injunctions which can be filled electronically.
All Courts in Italy have cancelled hearings and submissions deadlines until the
11 May 2020, meanwhile all activities which can be performed remotely have
continued to function.
The hearing in the Venice Court in respect of the Sipeim SpA claim, scheduled
for 6 May has therefore been postponed and a new date will be confirmed by the
Court as soon as practical. The proceedings in respect of the Sosushi Company
srl claim may be affected as well, although a preliminary ruling on a possible
arbitration rather than a trail in court should not be affected since all
information in respect of the claim is available to the Court.
Our Investee companies, namely, ForCrowd srl and PBV Monitor srl, have been
slightly affected by the current situation, both in terms of delays in revenue
generation and some development activities, however, this is having limited
impact on the cashflow of these companies, which have material headroom to
absorb a several month slowdown of their business.
The Company will provide an update on Mediapolis and its other 'historical'
assets within the next two weeks.
COVID-19 Initiative
In conjunction with ForCrowd srl ("ForCrowd") the Italian crowdfunding platform
in which the Company has a 20% interest, Clear Leisure has supported SIMP
Societá Italiana Medicina Psicosomatica (Italian Society for Psychosomatic
Medicine) and Universitá degli Studi di Milano (Milan State University) to
develop an on-line platform infrastructure to support the delivery of
psychotherapeutic help to Lombardy Covid-19 frontline medical and paramedical
staff, and also to the general public who, in the region, have been directly
and indirectly affected by the virus pandemic. This has been undertaken by the
Company as a charitable activity in response to the COVID-19 pandemic. Below is
a link to the initiative, in Italian:
https://www.telepsy-covid19.it/?fbclid=
IwAR1me2rpqeUtlyZkv29ZUs3tp6qf7cDvI9FEYX5rqnVHCtaOWJhDZOcjhNk
The platform provides infrastructure for psychotherapists who are providing
free services to assist their patients. Clear Leisure has been instrumental in
providing free advice for the coordination of the project, design and
implementation of the platform, whilst ForCrowd has supported the project with
a small donation for its development and cloud hosting.
Clear leisure also intends to provide free usage of this platform to
organisations looking to offer similar services in the UK, as well as an
introduction to SIMP to share information on the psychotherapy protocols being
used.
-ends-
This announcement contains inside information for the purposes of Article 7 Of
EU Regulation 596/2014
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
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
END
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