Business
Notice of General Meeting
Notice of General Meeting.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \n 14 April 2021\n \n Clear Leisure Plc\n \n(“Clear Leisure” or “the Company”)\n \n Notice of General Meeting\n \n New Investment Policy, Change of Company’s Name, Grant of Options\n \n and Authority to Issue Shares\n \n The board of Clear Leisure (AIM: CLP) wishes to advise shareholders that the Company intends to issue a notice of general meeting to be held at 22 Great James Street, London WC1N 3ES, at 12:00 p.m. on 6 May 2021, to seek approval for the following:\n \n Amend the Company’s Investing Policy\n Change the Company’s name to Quantum Blockchain Technologies plc\n Authorise the granting of options to the CEO and current and future management team of the Company\n Grant authorities to the directors to issue shares in the Company\n Dis-apply pre-emption rights\n \n Proposal to change the Company’s investing policy\n The Company’s current investing policy is to acquire minority or majority interests in companies operating in the leisure, hospitality, media and technology sectors. Over the past five years, since the appointment of Professor Francesco Gardin as CEO, the Company has been progressively moving its investment focus away from the leisure and hospitality sectors, and towards the technology sector; specifically seeking investment opportunities within the high growth blockchain, cryptocurrencies, artificial intelligence and interactive media sectors.\n The rationale for this change in focus is to utilise the expertise of Professor Gardin within these high growth sectors, whilst also taking into account that the Company’s involvement in its litigation in relation to its legacy Italian leisure assets is gradually drawing to a close. \n The proposed new investing policy is as follows:\n “The Company invests in the technology sector, with special focus on, but not limited to, Blockchain, Artificial Intelligence, Cryptocurrencies and Quantum computing.\n As well as making direct investments, the Company may also act as Investment Manager for one or more selected venture capital funds, in compliance with the FCA regulations, which identify, invest in and acquires companies, assets and projects in the technology sector which show excellent growth potential on a stand-alone basis and which would add value to the Company’s portfolio of investments.\n The Company may make...