Share Issues re Options etc.

RNS Number : 5434W

Minoan Group PLC

20 August 2015

 



20 August 2015

MINOAN GROUP PLC

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

Share Issues re Options etc.

Minoan Group Plc is issuing, conditional upon admission to AIM, 741,875 new ordinary shares of 1p each in the Company ("Ordinary Shares") at 8 pence per share following the exercise of Options.

At the request of certain suppliers of services to the Group, the Company is also issuing, conditional upon admission to AIM, 620,445 Ordinary Shares at 9 pence per share to satisfy existing liabilities.

Application has been made for the total of 1,362,320 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 26 August 2015.

Following Admission of the Ordinary Shares, there will be a total of 187,671,524 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 FCA's Disclosure and Transparency Rules.

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

Minoan Group Plc
Christopher Egleton	[e-mail]
Duncan Wilson	0141 226 2930
Bill Cole	020 8253 4305
WH Ireland Limited	020 7220 1666
Adrian Hadden/Mark Leonard
Throgmorton Street Capital	020 7071 0808
Forbes Cutler
Morgan Rossiter	020 3195 3240
Richard Morgan Evans/James Rossiter

 

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