11 October
2017
Clear Leisure
Plc
(“Clear Leisure”, or “the
Company”)
REMOVAL OF NOMAD
STATUS BY THE EXCHANGE
AIM Regulations has informed the Company yesterday, after the
market closed, that an announcement was made pursuant to Rule 32 of
the AIM Rules for Nominated Advisers (“Nomad Rules”). Pursuant to
Nomad Rule 11, the Exchange has determined to remove the nominated
adviser status of ZAI Corporate Finance Limited (“ZAI”), Clear
Leisure’s Nomad, for failure to meet, on a continuing basis,
nominated adviser eligibility criteria as set out in Nomad Rule
2.
ZAI will be removed from the register of nominated advisers at
7am, 19
October 2017, so as to provide additional time for those AIM
companies for whom ZAI currently provides nominated adviser
services, to appoint a new nominated adviser. Accordingly, the
affected AIM companies, of which Clear Leisure is one, must appoint
a new nominated adviser by this date.
Pursuant to Rule 1 of the AIM Rules for Companies (“AIM Rules”),
if no new nominated adviser is
appointed by Clear Leisure by 7am,
19 October 2017, trading of the
Company’s AIM securities will be suspended on that date until the
appointment of a new nominated adviser. If a new nominated adviser
is not appointed within one month of suspension (by 20 November 2017), trading in the Company’s AIM
securities will be cancelled pursuant to AIM Rule 1.
AIM Regulation will liaise with the relevant AIM companies, of
which Clear Leisure is one, in respect of their plans and in
respect of those companies, will provide to any nominated
adviser engaged by 19 October 2017 an
expedited process allowing extra time to undertake full due
diligence.
Clear Leisure’s directors are therefore seeking, as a matter of
urgency, to appoint a replacement Nomad as soon as possible. The
Board is commitment to act promptly, in order to maintain its
listing and announce the appointment of a new Nomad as soon as
practical. The Board wishes to make it clear to shareholders that
the Company has not been involved in the decision of AIM in this
matter.
-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
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.co.uk