Clear Leisure PLC (LON:CLP) has said a hearing in a Venice court in respect of its Sipiem claim, originally scheduled for May 6, 2020, has been postponed due to disruption from the coronavirus pandemic.
The AIM-listed company said a new date will be confirmed by the court as soon as practical. The proceedings in respect of the Sosushi Company may also be affected, however, the firm said a preliminary ruling on a possible arbitration rather than a trial in court should not be affected since all information in respect of the claim is available to the court.
READ: Clear Leisure buoyed by confirmation of Turin Court ruling on its Sipiem stake
Clear Leisure added that its investment companies, ForCrowd and PBV Monitor, have been “slightly affected” by the pandemic situation, both in terms of delays to revenue generation and some development activities. However, this is having a limited impact on their cashflow, which have material headroom to absorb several months of slowdown.
The company said it will provide an update on Mediapolis and its other historical assets within the next two weeks.
Clear Leisure also said that through ForCrowd, in which it owns a 20% stake, it has supported the development on an online platform infrastructure to support the delivery of psychotherapeutic help to Lombardy coronavirus frontline medical and paramedical staff, and also to the general public in the region who have been directly and indirectly affected by the pandemic.
The company said the platform was a charitable initiative and that it intends to provide free usage of the platform to organisations looking to offer similar services to the UK.