viewClear Leisure PLC

Clear Leisure CEO confident of a positive outcome to its litigation issues

Francesco Gardin, chief executive and executive chairman of Clear Leisure PLC (LON:CLP), updates Proactive London on the firm's investments and ongoing litigation cases.

This week the company's subsidiary, Clear Leisure 2017, agreed with Sipiem to buy the €10.8m legal action against the former Sipiem directors, which was filed in the Italian courts in February this year.

The deal also includes a €238,000 credit due to Sipiem. 

''Our purpose is not to be a litigation company ... our purpose is to make justice of wrongdoings we've discovered by some of the people involved in our investments in the past''.  

''We feel confident we'll be able to recover the money and there's nothing we can do to speed up the legal procedures''.

''Hopefully given the strength of the cases we'll come to some settlements''.

Quick facts: Clear Leisure PLC

Price: 0.19 GBX

Market: AIM
Market Cap: £1.26 m

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