Clear Leisure Plc Appeal Against Result of Mediapolis Land Auction
October 18 2018 - 2:00AM
UK Regulatory
TIDMCLP
18 October 2018
Clear Leisure Plc
("Clear Leisure" or "the Company")
Appeal against result of Mediapolis Land Auction
Further to the Company's announcement dated 4 October 2018, the board of Clear
Leisure (AIM: CLP) wishes to notify shareholders that, having consulted its
Italian legal advisers, the Company has filed an appeal against the decision of
the Ivrea Court to refuse assignment of the Mediapolis land to the Company.
With this action the Company has formally requested the Judge, as a
precautionary measure, suspends the outcome of the auction and, as a principal
matter, assigns the land to the Company (through its wholly owned subsidiary
Clear Leisure 2017 Limited) or, alternatively, orders a new auction to be
undertaken.
-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
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