Share Issues

RNS Number : 2342I

Minoan Group PLC

24 March 2015

 

24 March 2015

MINOAN GROUP PLC

(the "Company or "Minoan")

Share Issues

Further to announcements on 12 February 2014 and 7 August 2014, the remainder of the lenders referred to therein have chosen to be repaid in shares. As a result the Company is issuing, conditional upon admission to AIM, 11,011,765 new ordinary shares of 1p each in the Company ("Ordinary Shares") at 8.5 pence per share.

In addition, the Company is issuing, conditional upon admission to AIM, 100,775 Ordinary Shares at 5.5 pence per share in respect of the exercise of Options.

Application has been made for the total of 11,112,540 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 30 March 2015.

Following Admission of the Ordinary Shares, there will be a total of 186,309,204 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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