REG - Minoan Group PLC - Results of General Meeting

MinoanAnnouncement

31/12/2025 11:15

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RNS Number : 3254N  Minoan Group PLC  31 December 2025

The information contained within this announcement is deemed to constitute
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31 December 2025

 

Minoan Group Plc

(the "Company" or "Minoan")

Results of General Meeting

 

The Board of Minoan Group Plc announces that at the General Meeting held
yesterday resolution 1 was duly passed. The disposal of Loyalward Limited (the
'Disposal')  has completed.

The vote on Resolution 2 was adjourned and the Board will make an announcement
on this matter in due course.

As previously announced, following the Disposal, the Board estimates that the
Company will be left with sufficient funds to continue to operate for
approximately 2 to 3 months whilst covering essential expenses and exploring
legal action against the former Chairman. The Board does not consider that
this is sufficient time during which to resolve the unsettled creditors and
raise additional funds and therefore it is not able to clarify the Company's
financial position and to apply to have the Company's shares restored to
trading on AIM. As a result, the Board expects that the Company's admission to
trading on AIM will be cancelled at 7 a.m. on 5 January.

 

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

 Minoan Group Plc                                                                     mail@minoangroup.com

 Zeus
 Antonio Bossi / Andrew De Andrade                                                    020 3829 5000

 Peterhouse Capital Limited
 Duncan Vasey                                                                         020 7469 0930

 

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