Board Change & Six Senses Upd

RNS Number : 5346P

Minoan Group PLC

27 March 2009

 



27 March 2009

Minoan Group Plc 

('Minoan', the 'Group' or 'the Company')

Board Change

and

Six Senses Update

Board Change

Minoan Group Plc, the AIM-quoted leisure resort developer, announces that Mr C W Young is leaving the Group with effect from the close of business today. Mr Young is leaving in order to concentrate on his full time role as Chief Executive of E G Thomson (Holdings) Limited. Mr Young's departure will be announced to shareholders at the Company's Annual General Meeting, which is being held later today. 

Minoan Chairman, Christopher Egleton, said: 'Charles Young joined the Group in 1998 and has been a Director of the Company since September 1999. Most recently, in his role as a Non-Executive Director, he has been Chairman of the Audit Committee and a member of the Remuneration Committee. He will be sadly missed for his considerable expertise and his ongoing support of the Company. He leaves with the Board's very best wishes for the future.' 

Six Senses Update

In January 2009 the Company signed a Memorandum of Understanding ('MOU') with Six Senses Resorts & Spas ('Six Senses') for a hotel development at the Cavo Sidero resort.

The relationship with Six Senses is continuing to develop with the focus remaining on launching the new Six Senses Evalution brand and the Six Senses Spa at the Cavo Sidero project. The Evalution brand is one of the most environmentally friendly hotel brands in the world. It focuses on high end intelligent comforts and luxuries to which clients have become accustomed, which can still be enjoyed whilst addressing the challenge of depleting natural resources and global climate change. 

Mr Shivdasani Chairman and CEO of Six Senses is delighted with the progress: 'Six Senses has enjoyed a presence on Crete for some time with its close association with the Kokotos family and their prestigious Porto Elounda resorts, which have a stunning Six Senses Spa as a key element.'

Over the past two years, this exceptional Porto Elounda Six Senses Spa has received a plethora of awards, including the Conde Nast Traveller Readers' Spa Award for the Favourite Hotel Spa in Europe for 2009; SpaFinder USA Reader's Choice Award as Best Spa in Greece 2008; Spa Magazine's Silver Sage Readers' Choice Award for Favourite Resort or Hotel Spa in Europe 2008; Conde Nast Traveller UK Readers' Spa Awards as
runner-up for Favourite Overseas Hotel Spa in Europe 2008; and Best Spa in
the World 2007, awarded by Sunday Times TRAVEL Magazine.

For further information visit www.minoangroup.com or contact: 

Christopher Egleton                           Minoan Group Plc                                07808 722022

Bill Cole                                            Minoan Group Plc                                01689 897397

Nicola Marrin                                    Seymour Pierce Limited                        020 7107 8000

Nick Rome/Gemma O’Hara              Bishopsgate Communications Ltd          020 7562 3350

Alan Frame                                       Westport Communications Ltd              020 7404 7878

 

 

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