Exercise of Warrants

RNS Number : 8646G
Minoan Group PLC
19 May 2011
 

 

19 May 2011

Minoan Group Plc

("Minoan" or the "Company") 

                            

Exercise of Warrants

 

Minoan Group Plc announces the issue of 333,333 new ordinary shares at 15 pence per share in respect of the exercise of Warrants 2011 to subscribe for ordinary shares in the Company.

 

The Directors' beneficial shareholdings are 1,841,223 ordinary shares, representing 2.10% of the issued share capital as enlarged following this share issue.

 

Application has been made for the 333,333 new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 25 May 2011. Following Admission, there will be a total of 87,875,111 ordinary shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Minoan under the FSA's Disclosure and Transparency Rules.

 

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

 

Minoan Group Plc

Christopher Egleton                                              christopher.egleton@minoangroup.com

Bill Cole                                                                020 8253 4305

 

Seymour Pierce Limited                                     020 7107 8000

Nicola Marrin/David Foreman (Corporate Finance)  

Marianne Woods (Corporate Broking)

 

Rivington Street Corporate Finance Limited   020 7562 3384

Dru Edmonstone

 

Bishopsgate Communications Limited              020 7562 3350                               

Nick Rome/Michael Kinirons      


This information is provided by RNS
The company news service from the London Stock Exchange
 
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