Clear Leisure Plc Extension of Eufingest Loans
June 04 2020 - 1:00AM
UK Regulatory
TIDMCLP
4 June 2020
Clear Leisure Plc
("Clear Leisure" or "the Company")
Reschedule of Loans' Maturity Date
The Board of Clear Leisure (AIM: CLP) is pleased to announce that Eufingest SA
("Eufingest") has agreed to extend repayment of the following loans amounting
to EUR3,925,000 and GBP30,000 to 30 September 2020 or such earlier date as may be
agreed with the Company, (altogether the "Loans"):
Amount Date of Loan Interest Convertible Original Date to Reschedule Date (if
Rate Maturity any)
EUR2,475,000 28 April 2017 1% YES 28 April 2020
EUR50,000 7 December 2017 2.5% YES 31 March 2018 1. 30 September
2018
2. 31 December 2018
3. 31 March 2019
4. 31 December 2019
5. 28 April 2020
EUR200,000 27 December 2017 2.5% YES 27 December 2019 28 April 2020
EUR250,000 2 January 2018 2.5% YES 31 March 2018 1. 30 September
2018
2. 31 December 2018
3. 31 March 2019
4. 30 June 2019
5. 31 December 2019
6. 28 April 2020
EUR200,000 3 October 2018 2.5% NO 31 December 2018 1. 31 March 2019
2. 30 June 2019
3. 31 December 2019
4. 28 April 2020
EUR200,000 24 June 2019 2.5% NO 31 December 2019 28 April 2020
EUR250,000 30 July 2019 2.5% NO 30 September 1. 31 December 2019
2019 2. 28 April 2020
EUR150,000 16 October 2019 2.5% NO 31 December 2019 28 April 2020
GBP30,000 16 October 2019 2.5% NO 31 December 2019 28 April 2020
EUR150,000 18 February 2020 2.5% NO 30 June 2020
All other terms and conditions of the Loans remain unchanged.
Eufingest is a substantial shareholder of the Company as defined by the AIM
Rules for Companies. The extension of the repayment date of the Loans is
therefore a related party transaction pursuant to AIM Rule 13 of the AIM Rules
for Companies. The directors of Clear Leisure, having consulted with its
nominated adviser, consider that the transaction is fair and reasonable insofar
as its shareholders are concerned.
Francesco Gardin, Executive Chairman and CEO of Clear Leisure, commented, "I
wish to thank Eufingest for its continuous and ongoing support to the Company,
as demonstrated once again."
-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 the management is two-fold: 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 and to seek technology related investments, with
special regard to interactive media, blockchain and AI sectors. For further
information, please visit, www.clearleisure.co.uk
END
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