4 October 2018
Clear Leisure
Plc
(“Clear Leisure” or “the
Company”)
Result of Appeal
against the Result of Mediapolis Land Auctions
The Board of Clear Leisure (AIM: CLP) notifies shareholders
that, with reference to the legal appeal against the result of
Mediapolis’ land auction and the decision of the auctioneer to
reject the Company’s request of assignment, the Judge of the Ivrea
Court ruled against the Company’s appeal.
Clear Leisure, however, has 15 days to challenge this decision
again by filing a further appeal, and will consult with its Italian
legal advisers to decide the best course of action.
The Company will issue further updates in due course.
-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
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. The Company
has recently launched a joint venture initiative in the
cryptocurrency mining sector. For further information, please
visit, www.clearleisure.co.uk