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Clear Leisure PLC Ord 2.5P (CLP)

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20-Sep-2019 10:04 AM

Clear Leisure losses reduce 70%; NAV stable €1.5m

Clear Leasuire's loss for the six months to 30 June reduced 70% to €477,000 (H1 2018: €1.6m), with group NAV remaining stable at €1.5 million, as announced in its interim results. Finance charges were also reduced by 28% due to reduct
07-Dec-2017 09:19 AM

Clear Leisure update after challenging two months

Clear Leisure has issued a business update following two months which the company said had been as challenging for management as they must have been frustrating for shareholders. It said: 'On 10 October 2017, through no fault of the company, the com
27-Oct-2017 02:05 PM

Clear Leisure updates on Mediapolis ruling

Clear Leisure has confirmed that, despite every effort to the contrary, including the settlement of debts owing by its subsidiary, Mediapolis srl, amounting to circa €10m, the Ivrea Court has determined to rule in favour of the winding up petition of
19-Sep-2017 07:27 AM

Clear Leisure optimistic over Mediapolis debt deal

Clear Leisure has issued a statement to clarify the position in relation to on-going negotiations with creditors of its subsidiary, Mediapolis Spa. The company said that while there had been no agreement subsequent to release of yesterday's interi
17-Jul-2017 01:39 PM

Clear Leisure raises £150k via placing

Clear Leisure has raised a total of £150,000 (gross of expenses) through the placing of 13,043,478 ordinary shares at 1.15p apiece. The Company said the funds raised will be used for general working capital purposes and to help fund the current lit
17-Jul-2017 08:13 AM

Clear Leisure update on Mediapolis hearing

Clear Leisure said that as announced on 15 June, the court hearing to consider the petition by the Court Prosecutor of Ivrea to wind up Mediapolis Srl took place on 23 June. It said that at the hearing, Mediapolis submitted additional documentation for t
07-Jul-2017 08:05 AM

Clear Leisure slashes pre-tax losses

Clear Leisure slashed pre-tax losses to €397,000 in the year to the end of December - down from €20,246,000 in 2015. Operational losses fell to €156,000 (2015: €654,000) and the net asset value of the group increased to €1.6m (20
15-Jun-2017 08:13 AM

Clear Leisure unit faces winding up hearing

Clear Leisure has confirmed that a winding up notice has been filed on its 74.67% directly-owned subsidiary. Mediapolis srl. Clear Leisure said the petition arose from an initiative of the Ivrea Court following a claim which had now been settled by the
31-Mar-2017 01:07 PM

Clear Leisure reschedules Eufingest loan repayment

Clear Leisure has announced that the Company has reached an agreement with Eufingest, whereby the repayment dates of €1,271,999 outstanding loans, including interests matured to date, have been rescheduled. The facilities are now repayable by 31 Dec
03-Feb-2017 01:24 PM

Clear Leisure agrees new loan facility

Clear Leisure has entered into a €60,000 unsecured convertible loan facility agreement with Eufingest, a Swiss investor and major shareholder in the Company, at an interest rate of 2.5 per cent per annum. The Facility is repayable on 31 March 2017 a
30-Sep-2016 07:43 AM

Clear Leisure losses narrow

Clear Leisure's operating loss for the six months to the end of June fell to €275,000 from €459,000 a year ago. Loss before tax was reduced to €605,000 (H1 2015: €13,238,000) Story provided by
01-Jul-2016 07:53 AM

Clear Leisure operating loss narrows

Clear Leisure reports an operating loss of €642,000 for the year to the end of December compared to a loss of €1,917,000 for the 2014. It says that despite managing to lower the interest rate on some loans, financing charges of €1,323,000
19-Aug-2015 09:32 AM

Clear Leisure CFO resigns

Clear Leisure chief financial officer Nilesh Jagatia has resigned with immediate effect, due to other work commitments. The board thanked him for his invaluable help over the past three years and wished him well with his other business activities. The b
21-Apr-2015 07:34 AM

Clear Leisure winding up petition dismissed

Clear Leisure says the winding up petition filed against it on 18 February has been dismissed. Story provided by
10-Apr-2015 07:28 AM

Clear Leisure receives short term loan

Clear Leisure has confirmed that it has received the £250,000 short term loan announced on 2 March, 2015. Story provided by
07-Apr-2015 07:28 AM

Clear Leisure winding up petition to be dismissed

Clear Leisure has reached an arrangement with Westhouse Securities concerning its winding up petition which is scheduled to be heard at the High Court on 20 April. As a direct result of this, Westhouse will ask the court to dismiss the petition. Story
24-Feb-2015 08:49 AM

Clear Leisure update on Mediapolis

Clear Leisure's board has announced that the recent fundraising of �?¬500,000 undertaken by its subsidiary Mediapolis was declared fully subscribed and complete at a general meeting yesterday. Based on this latest capital increase, in which the
23-Feb-2015 02:33 PM

Clear Leisure agrees sale of H&L Fund

Clear Leisure has agreed to sell Alnitak, the vehicle which controls the entire share capital of the Hospitality & Leisure Fund ('H&L Fund'), which it acquired on 23 May. The company has agreed a sale price of Alnitak of �?¬500,000. As a re
18-Feb-2015 07:53 AM

Clear Leisure faces winding up hearing

Clear Leisure has confirmed it faces a winding up hearing after a petition was filed at Companies House yesterday by solicitors for Westhouse Securities. Clear Leisure says it disputes the claims made, and the amount claimed, by Westhouse and has been
16-Dec-2014 07:49 AM

CLP's revenues

Clear Leisure posts an operating loss of �?¬134,000 for the six months to the end of June compared with a profit of �?¬633,000 a year ago. The company reported revenues of �?¬48,000 - down from �?¬19.7m a year ago. The group says the red
16-Dec-2014 07:35 AM

Clear Leisure losses rise

Clear Leisure posts a loss from continuing operations for the year to the end of December 2013 of �?¬7.4m - up from a restated loss of �?¬2.5m in 2012. The group had net liabilities of �?¬16,330,000 at the end of 2013. The group's shar
03-Dec-2014 08:58 AM

Clear Leisure date for FY and interims

Clear Leisure has advised shareholders that due to the ongoing audit, it will announce its final results for the year ended 31 December 2013 and its interim results for the six months ended 30 June, on 15 December. The directors are not aware of any issu
28-Oct-2014 07:54 AM

Clear Leisure considering raising further funds

Clear Leisure, the AIM-traded specialist investment company, is considering raising further funds following the uptake of the bond in August. The company said it successfully placed �?¬450,000 of its 0% December 2015 bond, at a price of 91.5% of t
13-Jun-2014 07:39 AM

Mediapolis included in 'unblock Italy' legislation

Clear Leisure says the mayor of Albiano d'Ivrea has agreed to present the Mediapolis project to Italy's Prime Minister as one of the projects of public interest to be included in the 'unblock Italy' legislation. The legislation is a
12-Jun-2014 08:00 AM

Clear Leisure appoints MD of Alnitak

Clear Leisure has appointed Emmanuel Bordignon as managing director of its wholly owned investment subsidiary, Alnitak, which in turn owns 100% of the H&L Fund, recently acquired by the company on 27 May. Bordignon, 37, is a manager and partner of Ende
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