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RNS Number : 4684M
Minoan Group PLC
29 April 2024
 

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.

29 April 2024

Minoan Group Plc
("Minoan" or the "Company")

Issue of Shares

 

The Directors of Minoan announce the issue of 14,767,467 ordinary shares of 1p each ("Ordinary Shares") in order to settle certain liabilities. The shares will be issued at 1p per Ordinary Share.

This is separate from the already announced proposed settlement of balance sheet liabilities at an average price expected to be over 2p per share. The resolution approving the issue of shares for this purpose was approved at the General Meeting held on 10 November 2023.

Application has been made for a total of 14,767,467 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 03 May 2024. Following Admission, there will be a total of 844,358,786 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.

 

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

Minoan Group Plc                                              mail@minoangroup.com

 

W H Ireland Limited                                                        020 7220 1666
Antonio Bossi / Andrew Andrade                                                             

 

Peterhouse Capital Limited                                         020 7469 0930

Duncan Vasey                                                                    

 

 

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