Share Issue

RNS Number : 5208L

Minoan Group PLC

02 August 2011

 

2 August 2011

Minoan Group Plc

("Minoan" or the "Company") 

Share Issue

In order to satisfy certain existing commitments, Minoan has agreed to issue 4,032,573 new ordinary shares of 1p each in the Company at 15 pence per share.

The Directors' beneficial shareholdings are 1,841,223 ordinary shares, representing 1.97% of the issued share capital as enlarged following this share issue.

Application has been made for the 4,032,573 new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 8 August 2011. Following Admission, there will be a total of 93,688,094 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                                              [e-mail]

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      

 

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