REG - Minoan Group PLC - Placing and Director / PDMR Shareholding

MinoanAnnouncement

03/05/2022 17:00

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RNS Number : 1728K  Minoan Group PLC  03 May 2022

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.

3 May 2022

Minoan Group Plc

("Minoan" or the "Company")

Placing and Director / PDMR Shareholding

The Directors of Minoan are pleased to announce a successful placing of
Ordinary Shares arranged by Peterhouse Capital Limited (the "Placing").
40,000,000 Ordinary Shares of 1p each are to be issued at 1p per share raising
£400,000. In addition, three of the Company's Directors are subscribing for
12,000,000 Ordinary Shares of 1p each at 1p per share. Finally a further
3,000,000 Ordinary Shares of 1p each at 1p per share are being issued in order
to settle liabilities.

The Placing Price represents a discount of approximately 21.3 per cent. to the
Closing Price of 1.27 pence per Ordinary Share on 29 April 2022, being the
latest practicable business day prior to the publication of this Announcement.

Application has been made for a total of 55,000,000 new Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that Admission
will be effective from 9 May 2022. There are 38,000,000 new Ordinary
Shares issued under the authorities in existence prior to the Annual General
Meeting held on 29 April 2022 and 17,000,000 new Ordinary Shares under the
authorities in existence at the close of Minoan's last Annual General Meeting
held on 29 April 2022. Following Admission, there will be a total of
672,517,005 Ordinary Shares in issue or to be issued. 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.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Christopher Egleton
 2   Reason for the notification
 a)  Position/status                                              Chairman
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Minoan Group PLC
 b)  LEI                                                          213800T9RAWFP5663Y20
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of 1p each

     Identification code

                                                                  GB0008497975
 b)  Nature of the transaction                                    Share purchase
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  1p        5,000,000

 
 d)  Aggregated information

     -      Aggregated volume                                     5,000,000 ordinary shares

     -      Price                                                 £50,000
 e)  Date of the transaction                                      3 May 2022
 f)  Place of the transaction                                     London

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

5,000,000 ordinary shares

£50,000

e)

Date of the transaction

3 May 2022

f)

Place of the transaction

London

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Georgios Mergos
 2   Reason for the notification
 a)  Position/status                                              Executive Director
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Minoan Group PLC
 b)  LEI                                                          213800T9RAWFP5663Y20
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of 1p each

     Identification code

                                                                  GB0008497975
 b)  Nature of the transaction                                    Share purchase
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  1p        5,000,000

 
 d)  Aggregated information

     -      Aggregated volume                                     5,000,000 ordinary shares

     -      Price                                                 £50,000
 e)  Date of the transaction                                      3 May 2022
 f)  Place of the transaction                                     London

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

5,000,000 ordinary shares

£50,000

e)

Date of the transaction

3 May 2022

f)

Place of the transaction

London

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Grahame Cook
 2   Reason for the notification
 a)  Position/status                                              Non-executive Director
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Minoan Group PLC
 b)  LEI                                                          213800T9RAWFP5663Y20
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of 1p each

     Identification code

                                                                  GB0008497975
 b)  Nature of the transaction                                    Share purchase
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  1p        2,000,000

 
 d)  Aggregated information

     -      Aggregated volume                                     2,000,000 ordinary shares

     -      Price                                                 £20,000
 e)  Date of the transaction                                      3 May 2022
 f)  Place of the transaction                                     London

 

d)

Aggregated information

-      Aggregated volume

-      Price

 

2,000,000 ordinary shares

£20,000

e)

Date of the transaction

3 May 2022

f)

Place of the transaction

London

 

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

Minoan Group Plc

Christopher Egleton
            christopher.egleton@minoangroup.com

George
Mergos
georgios.mergos@minoangroup.com

Bill Cole
 
            william.cole@minoangroup.com

 

W H Ireland
Limited
020 7220 1666

James Joyce / Megan Liddell
 

 

Peterhouse Capital Limited
                               020 7469 0930

Duncan Vasey
 
 

 

Sapience Communications Limited                     020
3195 3240

Richard Morgan Evans
 

 

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