REG - Minoan Group PLC - Share Issue

MinoanAnnouncement

20/07/2022 07:00

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RNS Number : 0174T  Minoan Group PLC  20 July 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.

20 July 2022

Minoan Group Plc

(The "Company" or "Minoan")

Share Issue

 

As announced on 18 July, Minoan's Loan with DAGG LLP was extended to 31
December 2022 for a fee of £150,000 to be settled by the issue of shares in
the Company at 1p per share.

As a result, the Company is issuing 15,000,000 Ordinary Shares at 1p per
share.

Application has been made for a total of 15,000,000 new Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that Admission
will be effective from 25 July 2022. The new Ordinary Shares are issued 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 687,517,005 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 and Transparency Rules.

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

 WH Ireland Limited (Nominated Advisor & Joint Broker)      020 7220 1666
 James Joyce / Megan Liddell

 Peterhouse Capital Limited (Joint Broker)                  020 7469 0930
 Duncan Vasey

 

 

 

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