Notice of EGM

RNS Number : 4646X

Minoan Group PLC

07 December 2010

 



7 December 2010

Minoan Group Plc ("Minoan" or "the Company")

Notice of General Meeting

Minoan Group Plc announces that a General Meeting will be held at the offices of Seymour Pierce Limited, 20 Old Bailey, London, EC4M 7EN on 23 December 2010 at 11.30 a.m.

The purpose of the General Meeting is to seek shareholder approval to increase the authorities to create securities of Minoan in order to provide the Board with the flexibility to commence the implementation of the Company's strategy of expanding in the Tourism and Leisure sector. In addition, the Company is amending its existing Long Term Incentive Plan to reflect current market conditions. As such, it is also necessary to amend the authority to issue shares under the scheme.

In addition, the Company will update shareholders on the Cavo Sidero Project following the recent Council of State decision and the Greek Government's Fast Track approval process, as announced on 3 December 2010.

The Notice of General Meeting will be posted to shareholders and will appear on the Company's website today.

For further information visit www.minoangroup.comor contact:

Minoan Group Plc

Christopher Egleton                                              [e-mail]

Bill Cole                                                                01689 897397

Seymour Pierce Limited                                     020 7107 8000

Nicola Marrin/David Foreman (Corporate Finance)  

Jeremy Stephenson (Corporate Broking)

Rivington Street Corporate Finance Limited   07956 671131

Jon Levinson

Bishopsgate Communications Limited              020 7562 3350                                

Nick Rome/Michael Kinirons      

 

END

 

 

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