Minoan Group PLC
09 May 2008
9 May 2008
MINOAN GROUP PLC
('Minoan' or 'the Company')
Appeal Hearing
Appeal Hearing
The Board of Minoan, the AIM-quoted leisure resort developer, announces that
the Court has today postponed the hearing of the appeal lodged against the Greek
Government's approval of the Company's Environmental Impact Assessment to
7 November 2008.
National Land Plan
The Board notes that the National Land Plan previously referred to has now been
formally submitted to the Greek Parliament for approval and is currently going
through the parliamentary process.
Minoan Chairman, Christopher Egleton commented:
'While the directors are disappointed with this further delay in the hearing of
the appeal, we are encouraged that the National Land Plan has been submitted as
expected. The importance of integrated, sustainable tourism developments to
the Greek economy has been well recorded and, as noted by the Minister of
Environment, Physical Planning and Public Works, the National Land Plan
represents 'one of the most essential structural changes' to have taken place in
Greece over the last decades. It provides the framework which will allow such
developments to proceed, while protecting the national and cultural environment.
Cavo Sidero fulfils all the requirements of such a development, being firmly
based upon the principles of sustainability'.
For further information visit www.minoangroup.com or contact:
Christopher Egleton Minoan Group Plc 07808 722022
Bill Cole Minoan Group Plc 01689 897397
Jeremy Garrett-Cox/Nicola Marrin Seymour Pierce Limited 020 7107 8000
Nick Rome/Nick Farmer Bishopsgate Communications Ltd 020 7562 3350
Alan Frame Westport Communications Ltd 020 7404 7878
This information is provided by RNS
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