Share Prices & Company Research

Market News

11 Mar 2021 | 15:07

Clear Leisure court hearing in Venice delayed to May

(Sharecast News) - Clear Leisure has updated the market on the hearing scheduled for Thursday at the Court of Venice, reporting that due Covid-19 delays, the hearing had been rescheduled to 26 May. The AIM-traded firm said that at the hearing, the previously-appointed independent expert would inform the judge about the final assessment of the economic merit of the claim against Sipiem's previous management and internal audit committee.

Despite a slight delay in the court hearing, the company said it remained confident in the outcome of the litigation, given the "strong foundations" of the claim.

"Given the advanced stage of the process, the remaining legal work will require very limited involvement of the company's management, allowing the main focus of the company to be its new cryptocurrencies investment strategy," said chairman and chief executive officer Francesco Gardin.

At 1450 GMT, shares in Clear Leisure were down 25.32% at 2,32p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 14th May 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.