StockMarketWire.com - Clear Leisure said it had reached a final court settlement in Italy over a disputed asset sale.

The defendants had agreed to a settlement sum of £1.15m, before legal and insurance expenses of nearly £0.3m, payable in cash to Clear Leisure.

'We are very pleased to have settled this case before the planned court hearing next year and for a sum which we believe reflects the appropriate outcome of our original investment, under the original share purchase agreement,' chief executive Francesco Gardin said.

'This is the company's second successful asset disposal since the new board was appointed in 2015, and we will continue to prosecute strenuously our other investments where we believe the chance of achieving a positive financial settlement is high.'


At 2:48pm: [LON:CLP] Clear Leisure PLC share price was +0.13p at 0.67p



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