26 January 2018
Clear Leisure
Plc
(“Clear Leisure” or “the
Company”)
Placing to raise
£350,000
The board of Clear Leisure (AIM: CLP) is delighted to announce
that it has today raised £350,000 (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