Clear Leisure court hearings delayed following Covid-19 disruptions

Investment firm Clear Leisure said on Wednesday that an Italian court hearing regarding its claim against former directors of Sipiem had been delayed as a result of coronavirus-related disruptions.

Clear Leisure said a new date would be confirmed by the Venetian court as soon as possible but cautioned that its proceedings against restaurant chain Sosushi could also be affected.

However, the AIM-listed firm said a preliminary ruling on a possible arbitration rather than a trial in court would likely not be affected since all information in respect of the claim was already available to the court.

Clear Leisure also said its investment vehicles, ForCrowd and PBV Monitor, had been "slightly affected" by the Covid-19 pandemic - both in terms of delays to revenue generation and development activities.

As of 0945 BST, Clear Leisure shares were down 2.86% at 0.17p.