Business
Mediapolis hearing update
Mediapolis hearing update.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \n29 September 2017\n\nClear Leisure Plc(“Clear Leisure†or “the Companyâ€)\n\nMediapolis hearing update\n\nAs previously advised by the Company, the Ivrea Court reconvened today for the hearing to consider the winding up petition of Mediapolis srl. No announcement has been issued by the Court regarding today’s proceedings and no firm date has been given as to when the Court will announce its findings.\n\nHowever, the Company has provided to the Court further evidence of settlements with creditors, including the €500,000 payment to settle a €4.29 million loan with the transfer of the right to Clear Leisure. The Company has irrevocably committed to convert the full amount of this €4.29 million in Mediapolis srl into new capital, at a General Meeting of Mediapolis’ shareholders to be held in due course.\n\nFrancesco Gardin, CEO and Executive Chairman of Clear Leisure, commented, \"Although we are, obviously, hoping for a favourable ruling as a result of both the new evidence Mediapolis’ lawyers submitted to the Court today and that tendered over the past months, the outcome remains in the hands of the judges.\"\n\n-ends-\n\nFor further information please contact:\n\nClear Leisure plc+39 335 296573\n\nFrancesco Gardin, CEO and Executive Chairman\n\nZAI Corporate Finance (Nominated Adviser)+44 (0)20 7060 2220\n\nTim Cofman / Luis Brime\n\nPeterhouse Corporate Finance (Broker)+44 (0) 20 7469 0935\n\nLucy Williams / Heena Karani\n\nLeander (Financial PR)+44 (0) 7795 168 157\n\nChristian Taylor-Wilkinson\n\nAbout Clear Leisure Plc\n\nClear 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. For further information, please visit, www.clearleisure.co.uk\n\n ","length":2361,"tagName":"div"}]