Clear Leisure court hearing in Venice delayed to May

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.