LONDON (ShareCast) - (ShareCast News) - Minoan was forced to respond to reports in the Greek media on Friday, after a number of outlets stated the appeals against the Presidential Decree granting land use approval for the company's project in Crete had been rejected by the Greek Supreme Court.
The AIM-traded firm said it had not yet seen an announcement from the Greek Supreme Court, however, but would update the market once one was issued.

"The issuance of the PD in March last year was described as a 'transformational event'," said Minoan chairman Christopher Egleton.

"The appeals against it were clearly disappointing and frustrating and, as such, presuming the reports in the Greek press are correct, this will be transformational news for the company.

"Again, presuming the reports are correct, it signals the successful culmination of many years of effort by the company and its advisors."

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE