REG - Minoan Group PLC - Issue of Shares

MinoanAnnouncement

14/11/2023 07:15

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RNS Number : 3041T  Minoan Group PLC  14 November 2023

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

14 November 2023

Minoan Group Plc

(the "Company" or "Minoan")

Issue of Shares

At the Company's General Meeting held on 10 November 2023, Resolution 1
seeking authorisation to settle £707,231 of the Loan outstanding to DAGG LLP
by the issue of shares, was duly passed.

 

Following this shareholder approval, the Directors of Minoan announce the
issue of 70,723,100 Ordinary Shares of 1p each ("Ordinary Shares") at the
price 1p per Ordinary Share.

 

Application has been made for the total of 70,723,100 new Ordinary Shares to
be admitted to trading on AIM ("Admission") and it is expected that Admission
will be effective from 15 November 2023. Following Admission, there will be a
total of 822,091,319 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 Guidance and Transparency
Rules.

 

 

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

 

Minoan Group Plc

Christopher Egleton
            christopher.egleton@minoangroup.com

George
Mergos
georgios.mergos@minoangroup.com

 

W H Ireland
Limited
020 7220 1666

Antonio Bossi
 

 

Peterhouse Capital Limited
                           020 7469 0930

Duncan Vasey
 
 

 

 

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