Business
Issue of Bond
Issue of Bond.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 7727A Clear Leisure PLC 25 March 2013 \n \n\n25 March 2013\n \n \nClear Leisure Plc\n(\"Clear Leisure\" or \"the Company\")\n \n \nISSUE OF ZERO COUPON BOND\n \nThe Board of Clear Leisure, the AIM traded (AIM: CLP) specialist investment company, is pleased to announce that it has completed the placing of its December 2015, Zero Coupon Convertible Bond at a conversion price of 15 pence and issued at 78% of face value.\n \nIn line with the Company's current needs, only EUR 3 million has been sold to date to different European institutions, with the remaining EUR 6.9 million held in the Company's treasury account, to be sold in the secondary market, if and when the Company requires further cash for investment and growth. The net proceeds will be used mainly to buy back, at discount, existing debt positions.\n \nTherefore, as announced on 6 February 2013, the Company has bought back £2,704,594 of debt for £1,596,070, realising a profit of £1,108,524, which will be reported in the Company's 2012 financial statements. This restructuring has allowed the Company to reduce the overall debt on its former bond with CACEIS Bank Luxembourg from £7.2 million at 31 December 2011 to £1.4 million. \n \n-ends-\n \nFor further information please contact:\n \n \nClear Leisure Plc +39 02 525 051\nAlfredo Villa, CEO\n \nWesthouse Securities &nbs...