REG - Minoan Group PLC - Press Article

MinoanAnnouncement

05/09/2025 17:30

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RNS Number : 2872Y  Minoan Group PLC  05 September 2025

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5 September 2025

Minoan Group Plc ("Minoan")

 

Press Article

 

The Board of Directors of Minoan is aware of the contents of an article
published on Newsit as it relates to Cavo Sidero in the Sitia Peninsula,
Crete. The Greek language URL is shared below as this Board of Minoan has been
as transparent as possible on its relationship with its landlord, The
Foundation Panagia Akrotiriani (the "Foundation").

 

https://www.newsit.gr/blogs/apocryptografos/den-ikanopoioun-olous-oi-diarroes-gia-to-paketo-deth-katafthanoun-ta-ravasakia-tou-gemi-i-protia-tou-ardeytikou-nestou-30-xronia-gia-project-maketa-mpainei-gera-stin-apothikeysi-energeias-o-omilos-kar/4466263/
(https://www.newsit.gr/blogs/apocryptografos/den-ikanopoioun-olous-oi-diarroes-gia-to-paketo-deth-katafthanoun-ta-ravasakia-tou-gemi-i-protia-tou-ardeytikou-nestou-30-xronia-gia-project-maketa-mpainei-gera-stin-apothikeysi-energeias-o-omilos-kar/4466263/)

 

The comment that Toplou Monastery is expected to initiate procedures is of
great concern and is consistent with prior communications from the Foundation
to the Boards of Directors of Minoan and Loyalward Limited.

The article is a reminder that the relationship between Minoan and the
Foundation is at breaking point and highlights the risks facing the Project
and DAGG LLP should the latter's Non-Binding Offer find support from creditors
and shareholders.

DAGG LLP has informed the Company that it is aware of the Foundation's stance
and is still seeking to advance the Non-Binding Offer disclosed in Minoan's
RNS of 15 August 2025.

 

For further information visit www.minoangroup.com (http://www.minoangroup.com)
or contact:

Minoan Group Plc
           mail@minoangroup.com (mailto:mail@minoangroup.com)

 

Zeus
 
020 3829 5000

Antonio Bossi / Andrew De Andrade

 

Peterhouse Capital Limited
                                  020 7469
0930

Duncan Vasey

 

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