Quantum Blockchain Technologies (QBT)

Sector:

Financials

Index:

FTSE AIM All-Share

 1.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.85
  • 52 Week Low: 0.88
  • Currency: UK Pounds
  • Shares Issued: 997.55m
  • Volume: 2,643,650
  • Market Cap: £17.96m

Clear Leisure reaches settlement in Mediapolis case

By Iain Gilbert

Date: Tuesday 23 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Technology related investment company Clear Leisure has reached a settlement agreement regarding the transfer of Mediapolis' auction funds to its wholly-owned subsidiary.

Under the terms of the settlement, the group's subsidiary, Clear Leisure 2017, will receive €1.66m - representing a discount of approximately 14% on the auction proceeds from the Mediapolis real estate sale.

The AIM-listed group said on Tuesday that it was still in a bidding process with the receiver to buy Mediapolis' rights to a potential claim against former directors and members of its internal audit committee, which has yet to be served.

"The exact amount of the claim is yet to be determined but could be in the order of millions of euros," said Clear Leisure.

The sum of €50,000 of the amount now due to Clear Leisure 2017 will be kept in escrow by the receiver until the bidding process to sell the rights of the potential claim are completed.

While Clear Leisure will no longer have any future claim as creditors over Mediapolis, if any funds remain at the end of the bankruptcy process and, after settling other creditors, the proceeds will be divided, pro-rata, to shareholders.

Elsewhere, Clear Leisure said publication of its full-year results had been delayed as a result of the Covid-19 pandemic.

As of 0850 BST, Clear Leisure shares had shot up 39.13% to 0.32p.

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QBT Market Data

Currency UK Pounds
Share Price 1.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.85
52 Week Low 0.88
Volume 2,643,650
Shares Issued 997.55m
Market Cap £17.96m

QBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.64% above the market average39.64% above the market average39.64% above the market average39.64% above the market average39.64% above the market average
30.58% above the sector average30.58% above the sector average30.58% above the sector average30.58% above the sector average30.58% above the sector average
Price Trend
48.41% above the market average48.41% above the market average48.41% above the market average48.41% above the market average48.41% above the market average
45.99% above the sector average45.99% above the sector average45.99% above the sector average45.99% above the sector average45.99% above the sector average
Income Not Available
Growth
27.32% above the market average27.32% above the market average27.32% above the market average27.32% above the market average27.32% above the market average
9.24% above the sector average9.24% above the sector average9.24% above the sector average9.24% above the sector average9.24% above the sector average

QBT Dividends

No dividends found

Trades for 19-May-2022

Time Volume / Share Price
16:28 80,653 @ 1.85p
16:18 10,000 @ 1.85p
16:16 10,520 @ 1.84p
15:56 250,000 @ 1.78p
15:52 50,000 @ 1.85p

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