20 July
2017
Clear Leisure
Plc
(“the Company”)
Mediapolis Court Hearing Update
Further to the Company’s announcement on 26 June, the Board is
pleased to announce that, the Court has agreed to accept the
submission of additional debt settlement agreements reached with
Mediapolis creditors. The Court has agreed to re-open the
information acquisition phase of the hearing, which was previously
closed on 23 of June, in order to assess the latest documents
provided.
Mediapolis is entitled to provide any additional settlements
achieved with creditors in the meantime.
The Company will provide a further update to shareholders when
the findings of the court are received.
Francesco Gardin, CEO and
Executive Chairman of Clear Leisure, commented, “Although this
does not guarantee a successful outcome, this is a significant step
forward for us; getting the courts to re-open the case based on the
new documentation we have submitted is a very positive legal
result.”
-ends-
For further information please contact:
Clear Leisure
plc
+39 335 296573
Francesco Gardin, CEO and
Executive Chairman
ZAI Corporate Finance (Nominated
Adviser)
+44 (0)20 7060 2220
Tim Cofman / John Treacy
Peterhouse Corporate Finance
(Broker)
+44 (0) 20 7469 0935
Lucy Williams / Heena Karani
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 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. For further
information, please visit, www.clearleisure.com