REG - Minoan Group PLC - Issue of Shares

MinoanAnnouncement

12/02/2024 17:30

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RNS Number : 8778C  Minoan Group PLC  12 February 2024

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.

12 February 2024

Minoan Group Plc

("Minoan" or the "Company")

Issue of Shares

 

The Directors of Minoan announce the issue of 7,500,000 ordinary shares of 1p
each ("Ordinary Shares") in order to settle certain liabilities. The shares
will be issued at 1p per Ordinary Share.

This is separate from the already announced proposed settlement of balance
sheet liabilities at an average price expected to be over 2p per share. The
resolution approving the issue of shares for this purpose was approved at the
General Meeting held on 10 November 2023.

On this and on other matters as referenced in the update on 5 January, 2024,
the Company is pleased to report that it is making good progress and looks
forward to reporting on back on these shortly.

Application has been made for a total of 7,500,000 new Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that Admission
will be effective from 14 February 2024. Following Admission, there will be a
total of 829,591,319 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
             mail@minoangroup.com

 

W H Ireland
Limited
020 7220 1666

Antonio Bossi / Andrew Andrade
 
 

 

Peterhouse Capital Limited
 
020 7469 0930

Duncan Vasey
 
 

 

 

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