Clear Leisure Plc Placing
January 26 2018 - 10:06AM
UK Regulatory
TIDMCLP
26 January 2018
Clear Leisure Plc
("Clear Leisure" or "the Company")
Placing to raise GBP350,000
The board of Clear Leisure (AIM: CLP) is delighted to announce that it has
today raised GBP350,000 (gross of expenses) through the placing of 58,333,334 new
ordinary shares ("Placing Shares") at a price of 0.6p per share (the "Placing
"). The Placing, which was over-subscribed, is with certain existing and new
investors. The funds raised will be used for working capital purposes, the
repayment of selected existing debt and to develop the Company's cryptocurrency
strategy.
Application has been made for the Placing Shares to be admitted to trading AIM
with admission expected to occur on 1 February 2018. The Placing Shares will
rank pari passu with the existing ordinary shares of nominal value 0.25p each
in the capital of the Company (the "Ordinary Shares").
Following Admission, the Company's enlarged issued share capital will comprise
368,624,620 Ordinary Shares. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
Francesco Gardin, CEO and Executive Chairman of Clear Leisure, commented, "The
Company has been presented with a unique opportunity to increase its presence
in the mining of cryptocurrencies. We intend to execute this strategy at our
earliest convenience, taking benefit in the current market interest in
cryptocurrencies and be among the first companies on AIM to move into this
potentially exciting sector in the UK."
-ends-
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
("MAR"). Upon the publication of this announcement via Regulatory Information
Service ("RIS"), this inside information is now considered to be in the public
domain.
For further information please contact:
Clear Leisure Plc +39 335 296573
Francesco Gardin, CEO and Executive Chairman
SP Angel Corporate Finance (Nominated Adviser & Joint Broker) +44 (0)20
3407 0470
Jeff Keating / John Mackay / Charlie Bouverat
Peterhouse Corporate Finance (Joint 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. Under its existing investment policy the Company can seek new
investment opportunities, in different sectors, including information
technology. For further information, please visit, www.clearleisure.co.uk
END
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