REG - Minoan Group PLC - Increase in Warrant price, Warrant and Share Issue <Origin Href="QuoteRef">MIN.L</Origin> <Origin Href="QuoteRef">OML.L</Origin>

MinoanAnnouncement

29/10/2014 10:56

RNS Number : 4775O
Minoan Group PLC
07 August 2014
7 August 2014
Minoan Group Plc 
("Minoan", the "Group" or the "Company")
Increase in Warrant price, Warrant and Share Issue
Warrant Issue
Minoan is pleased to announce that, reflecting the progress made by the Group, the exercise price in respect of Warrants to be issued under the terms of the facility agreement with Hillside International Holdings Limited (the "Lender"), previously announced on 17 October 2013, has been increased from 8p to 13p per share. 
Under the revised terms of the Loan Facility, Warrants to subscribe for 10,000,000 ordinary shares of 1p each in the Company have been granted to the Lender at the amended price of 13p per share. 
Share Issue
Further to the announcement on 12 February 2014, certain lenders have chosen to be repaid in shares. As a result the Company is issuing, conditional upon admission to AIM, 3,245,132 new ordinary shares of 1p each in the Company ("Ordinary Shares") at 8.5 pence per share.
Application has been made for the Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 13 August 2014.
Following Admission of the Ordinary Shares, there will be a total of174,994,836 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 visit www.minoangroup.comor contact:
Minoan Group Plc

Christopher Egleton 
christopher.egleton@minoangroup.com
Duncan Wilson
0141 226 2930
Bill Cole
020 8253 4305


WH Ireland Limited
020 7220 1666
Adrian Hadden/Nick Field



Throgmorton Street Capital
020 7071 0808
Forbes Cutler



Morgan Rossiter 
020 3195 3240
Richard Morgan Evans/James Rossiter


This information is provided by RNS
The company news service from the London Stock Exchange
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