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QUANTUM BLOCKCHAIN TECHNOLOGIES PLC M&A Activity 2015
7866_rns_2015-02-23_b3f43853-42dc-45f3-b9a9-ca72af96bb54.html
M&A Activity
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CLEAR LEISURE PLC - Agreed Sale of H&L Fund
PR Newswire
London, February 22
23 February 2015 Clear Leisure plc ("Clear Leisure" or "the Company) Agreed Sale of H&L FundThe board Clear Leisure is pleased to announce that it has agreed to sellAlnitak Sarl ("Alnitak"), the vehicle which controls the entire share capitalof the Hospitality & Leisure Fund ("H&L Fund"), which it acquired on 23 May2014.The Company has agreed a sale price of Alnitak of EUR 500'000. As a result ofthe fund being regulated and needing change of control approval, the sale isexpected to be realised on or before 15 June 2015. This investment was reportedin Clear Leisure's half yearly report to 30 June 2014 at a value of EUR 30'000,therefore, on completion of the sale, realising a profit on disposal of EUR470'000.Further to the announcement of 18 February 2015, the realisation from the saleof the H&L fund significantly exceeds the Company's short term creditorsincluding the full sum of the disputed claim by Westhouse.For further information please contact:Clear Leisure plc +39 02 4795 1642Alfredo Villa, CEOCairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900Jo Turner / Liam MurrayPeterhouse Corporate Finance (Broker) +44 (0) 20 7469 0935Lucy Williams / Heena KaraniAbout Clear Leisure PlcClear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing adynamic strategy to create a comprehensive portfolio of companies primarilyencompassing the leisure and real estate sectors mainly in Italy but also otherEuropean countries. The Company may be either a passive or active investor andClear Leisure's investment rationale ranges from acquiring minority positionswith strategic influence through to larger controlling positions. For furtherinformation, please visit, www.clearleisure.com
