13 November 2018
Clear Leisure Plc
(“Clear Leisure”)
Update on Fortune
Cookie and Mr Cooke Litigation
The board of Clear Leisure (AIM: CLP) wishes to notify
shareholders that, on 9 November
2018, the High Court held a case management conference
regarding Brainspark Associates Limited’s (“Brainspark”) claim
against Fortune Cookie (UK) Limited (“Fortune Cookie”), part of WPP
Plc’s group of companies, and Mr Justin
Cooke.
As previously announced on 2 May
2018 and 11 May 2018,
Brainspark, a wholly owned subsidiary of Clear Leisure, filed the
claim against Fortune Cookie and Mr Cooke for breach of a share
purchase agreement.
Mr Cooke’s application for a preliminary issue hearing was
dismissed and he was ordered to pay Brainspark’s costs of the
application. The trial is currently expected to take place sometime
between May and July 2019.
-ends-
For further information please
contact:
Clear Leisure Plc
Francesco Gardin, CEO and Executive
Chairman
+39 335 296573
SP Angel Corporate Finance (Nominated Adviser &
Broker)
Jeff Keating / John Mackay
+44 (0)20 3470 0470
Leander (Financial PR)
Christian Taylor-Wilkinson
+44 (0) 7795 168 157
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