REG - Minoan Group PLC - Loan Facility Extension <Origin Href="QuoteRef">MIN.L</Origin>

MinoanAnnouncement

03/10/2016 10:49

RNS Number : 4142L
Minoan Group PLC
03 October 2016
3 October 2016
MINOAN GROUP PLC
(the "Group")
Loan Facility Extension
 
Minoan Group Plc announces the extension of the Loan Facility with Hillside International Holdings Limited ("Hillside") from 31 October 2016 to 30 June 2017.
The expiry dates of the Warrants issued in accordance with the terms of the Loan Facility have been extended by one year to the dates shown below:

Ordinary Shares of 1p each
Expiry date
Exercisable at 8 pence per share
10,000,000
17/10/18
Exercisable at 8 pence per share
5,000,000
27/11/18
Exercisable at 8 pence per share
10,000,000
05/02/19
Exercisable at 13 pence per share
10,000,000
07/08/19
Exercisable at 8 pence per share
5,000,000
30/04/20
Exercisable at 8 pence per share
5,000,000
28/05/20
Exercisable at 8 pence per share
5,000,000
23/10/20

 50,000,000

Christopher Egleton, Minoan Chairman, commented:
"The extension to the Loan Facility will greatly assist the Group as it moves forward."
For further information please 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 Prowting



Throgmorton Street Capital
020 7071 0808
Forbes Cutler



Morgan Rossiter 
020 3195 3240
Richard Morgan Evans/James Rossiter

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.

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