REG - Minoan Group PLC - Appointment to the Board of Loyalward Limited

MinoanAnnouncement

13/10/2022 07:00

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RNS Number : 7030C  Minoan Group PLC  13 October 2022

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13 October 2022

MINOAN GROUP PLC

("Minoan" or the "Group")

 

Appointment of Marco Nijhof to the Board of Loyalward Limited

 

Further to the announcement of the appointment of Professor George Mergos as
Chairman of Loyalward Limited ("Loyalward") on 25 March 2022, the Group is
pleased to announce an additional significant strengthening of the Board of
Loyalward, its wholly owned subsidiary and owner of the Itanos Gaia Project in
Crete. Effective immediately, Marco Nijhof will join the Board, to work
alongside George Mergos.

Marco is a multilingual Board level Executive within the international
five-star luxury hotel and retail hospitality industry. His extensive
experience spans 19 countries, working in Senior Management and Board
positions over a 34-year career across a variety of collections including
Corinthia Hotels, Jumeirah Hotels & Resorts, Hyatt International and
Marriott Hotels. He is currently Director Hospitality & Guest Experience
at Value Retail Management Limited (owner and operator of a range of
international retail and hospitality facilities, including the Bicester
Village Shopping Collection in Oxfordshire).

Following the appointment of George in March this year, progress with the
Project has accelerated materially. The addition to Loyalward's Board of such
an internationally respected hospitality expert as Marco is testament to how
near the Group now is to the final implementation phases.

 George Mergos, Chairman of Loyalward and Director of Minoan commented:

"The appointment of Marco today is one of the final keys to reaching the
commercialisation stages of the Project. His experience in developing,
commercialising and operating world class tourism and other businesses will be
crucial in the coming months as we near crystallisation of the Project with
the attendant increase in shareholder value."

 

Marco Nijhof said:

 

"Having visited the site and the local area earlier this year, I look forward
to working closely with George and the team in delivering on the significant
potential of this exciting and unique development of international importance"

 

For further information visit www.minoangroup.com (http://www.minoangroup.com)
or contact:

 Minoan Group Plc
 Christopher Egleton         christopher.egleton@minoangroup.com
 George Mergos               georgios.mergos@minoangroup.com

 WH Ireland Limited          020 7220 1666
 Antonio Bossi/Enzo Aliaj

 Peterhouse Capital Limited  020 7469 0930
 Duncan Vasey

 

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