REG - Minoan Group PLC - Share Issue in respect of Loan Conversion

MinoanAnnouncement

08/01/2025 07:00

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RNS Number : 4837S  Minoan Group PLC  08 January 2025

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.

8 January 2025

Minoan Group Plc

("Minoan" or "the "Company")

Share Issue in respect of Loan Conversion and Issue of Warrants

 

Share Issue

Minoan announces that it has received a notice to convert an existing
convertible loan. As a result of this notice, in the amount of £70,000, the
Company will issue 7,000,000 ordinary shares of 1p each in Minoan ("Ordinary
Shares") at a price of 1p per Ordinary Share.

 

Application for Admission

Application has been made for 7,000,000 new Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will be
effective from 13 January 2025. Following Admission, there will be a total of
929,218,539 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.

 

Warrant Issue

As part of the above conversion, Minoan is issuing Warrants to subscribe for
2,500,000 Ordinary Shares at an exercise price of 1p per Ordinary Share. The
Warrants will be exercisable up until 31 December 2025.

 

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

Minoan Group Plc
 
mail@minoangroup.com

 

Zeus
                 020 3829 5000

Antonio Bossi / Andrew De Andrade
 

 

Peterhouse Capital Limited
                           020 7469 0930

Duncan Vasey
 

 

 

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