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 
 

(END) Dow Jones Newswires

May 06, 2020 02:00 ET (06:00 GMT)

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