Clear Leisure sinks as it loses appeal
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Frequent subject of Evil Knievil’s blogs, Clear Leisure (LON:CLP) has seen its share price fall by 4.38% to 0.66p after the Ivrea Court in Italy ruled against its appeal with regards to the assignment of the Mediapolis land. The company now has 60 days to appeal to the Italian High Court and is likely to do so after consulting with its advisers.
CEO Francesco Gardin commented: “The board is extremely disappointed with the courts decision and, once we have taken advice from our Italian legal advisers, we will update shareholders on the Company’s future action with regards to Mediapolis“.
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