Clear Leisure agrees loan repayment extension with Eufingest

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Clear Leisure PLC (LON:CLP) said Eufingest has agreed to extend the repayment date of all Eufingest loans advanced to the company amounting to EUR3.3mln and GBP30,000 to October 31, 2020.

The investment company paid EUR550,000 plus interest of EUR11,157 to Eufingest in August following the receipt of funds from the Mediapolis court-approved settlement.

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The AIM-listed firm said this payment has repaid the loans advanced by Eufingest announced in July 2019, October 2019 and February 2020.

All other terms and conditions of the outstanding loans remain unchanged.

Whilst there can be no certainty that Eufingest will continue to extend the repayment date of the loans, the company said it continues to engage in a positive dialogue with Eufingest, who has supported it over many years and the board remains confident that Eufingest will continue to do so.

“I wish to thank Eufingest for its continuous and ongoing support to the Company, as it has demonstrated once again,” said Francesco Gardin, executive chairman and CEO of Clear Leisure, in a statement.

Eufingest is a substantial shareholder of the Clear Leisure.

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