REG - Minoan Group PLC - Share Issues <Origin Href="QuoteRef">MIN.L</Origin>

MinoanAnnouncement

24/03/2015 07:00

RNS Number : 2342I
Minoan Group PLC
24 March 2015
24 March 2015
MINOAN GROUP PLC
(the "Company or "Minoan")
Share Issues
Further to announcements on 12 February 2014 and 7 August 2014, the remainder of the lenders referred to therein have chosen to be repaid in shares. As a result the Company is issuing, conditional upon admission to AIM, 11,011,765 new ordinary shares of 1p each in the Company ("Ordinary Shares") at 8.5 pence per share.
In addition, the Company is issuing, conditional upon admission to AIM, 100,775 Ordinary Shares at 5.5 pence per share in respect of the exercise of Options.
Application has been made for the total of 11,112,540 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 30 March 2015. 
Following Admission of the Ordinary Shares, there will be a total of 186,309,204 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 please visit www.minoangroup.comor contact: 
Minoan Group Plc

Christopher Egleton 
christopher.egleton@minoangroup.com
Duncan Wilson
0141 226 2930
Bill Cole
020 8253 4305


WH Ireland Limited
020 7220 1666
Adrian Hadden/Mark Leonard



Throgmorton Street Capital
020 7071 0808
Forbes Cutler



Morgan Rossiter 
020 3195 3240
Richard Morgan Evans/James Rossiter


This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCPGUMAWUPAGQW