13th Jun 2014 07:00
13 June 2014
Clear Leisure plc (“Clear Leisure” or “the Company”)
Mediapolis included in the “decreto Sblocca Italia”
Clear Leisure, the AIM traded (AIM: CLP) specialist investment company, is pleased to announce that the mayor of Albiano d’Ivrea has agreed to present the “Mediapolis Project” to Italy’s Prime Minister as one of the projects of public interest to be included in the “Sblocca Italia” legislation.
The “Sblocca Italia” (Unlock Italy) legislation, (http://www.ilsole24ore.com/art/notizie/2014-06-02/sblocca-italia-renzi-sindaci-segnalatemi-cantieri-bloccati-e-riforme-diamo-segnale-che-musica-e-cambiata-182657.shtml?uuid=ABRJO4MB) is a special initiative by Italy’s Prime Minister Renzi to allow the mayors of all Italian towns and cities the discretion to put forward specific projects that have been previous blocked by past and current local councils.
The mayor of Albiano d’Ivrea considers the Mediapolis Project to qualify as a good example of local council inefficiency as the project has been waiting for the final approval for its construction permit since 2009. The Company is hoping that its formal claim of EUR 34.5 million against Regione Piemonte (as announced on 30 May 2014) and mayoral support under the Sblocca Italia legislation will assist with obtaining the remaining building authorisation needed by Mediapolis.
The Company will keep shareholders appraised of developments in due course.
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For further information please contact:
| Clear Leisure plc | +39 02 4795 1642 | |||
| Alfredo Villa, CEO | ||||
| Cairn Financial Advisers LLP (Nominated Adviser) | +44 (0) 20 7148 7900 | |||
| Jo Turner | ||||
| Peterhouse Corporate Finance (Joint Broker) | +44 (0) 20 7469 0935 | |||
| Lucy Williams / Heena Karani | ||||
| Leander (Financial PR) | +44 (0) 7795 168 157 | |||
| Christian Taylor-Wilkinson | ||||
About Clear Leisure Plc
Clear Leisure Plc (AIM: CLP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy but also other European countries. The Company may be either a passive or active investor and Clear Leisure’s investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions. For further information, please visit, www.clearleisure.com.
Copyright Business Wire 2014
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