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: 0.25 GBX

Market: AIM
Market Cap: £1.66 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Clear Leisure PLC named herein, including the promotion by the Company of Clear Leisure PLC in any Content on the Site, the Company receives...



Morning Report: City watchdog probing Barclays CEO links to sex offender Epstein

Headlines from the Proactive UK newsroom. Barclays (LON:BARC) says it remains confident in the ongoing leadership of chief executive Jes Staley while the City watchdog carries out an investigation into his historical links with billionaire sex offender Jeffrey Epstein. The announcement was...

on 13/2/20

2 min read