Quantum Blockchain Technologies (QBT)

Sector:

Financials

Index:

FTSE AIM All-Share

1.17p
   
  • Change Today:
      0.021p
  • 52 Week High: 3.00
  • 52 Week Low: 0.78
  • Currency: UK Pounds
  • Shares Issued: 1,291.31m
  • Volume: 9,592,897
  • Market Cap: £15.13m

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 1.17p
Change Today 0.021p
% Change 1.86 %
52 Week High 3.00
52 Week Low 0.78
Volume 9,592,897
Shares Issued 1,291.31m
Market Cap £15.13m

QBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.77% above the market average80.77% above the market average80.77% above the market average80.77% above the market average80.77% above the market average
75.24% above the sector average75.24% above the sector average75.24% above the sector average75.24% above the sector average75.24% above the sector average
Price Trend
26.97% below the market average26.97% below the market average26.97% below the market average26.97% below the market average26.97% below the market average
25.86% below the sector average25.86% below the sector average25.86% below the sector average25.86% below the sector average25.86% below the sector average
Income Not Available
Growth
41.7% below the market average41.7% below the market average41.7% below the market average41.7% below the market average41.7% below the market average
32.71% below the sector average32.71% below the sector average32.71% below the sector average32.71% below the sector average32.71% below the sector average

QBT Dividends

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11:16 384,911 @ 1.12p
10:13 50,000 @ 1.18p
10:13 261,437 @ 1.15p

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