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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Minoan Group Plc | LSE:MIN | London | Ordinary Share | GB0008497975 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.75 | 0.70 | 0.80 | 0.75 | 0.75 | 0.75 | 767,299 | 07:40:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Hotels And Motels | 0 | -1.07M | -0.0013 | -5.77 | 6.17M |
From Apr 2019 to Apr 2024
TIDMMIN
RNS Number : 0803J
Minoan Group PLC
26 June 2017
MINOAN GROUP PLC
(the "Company")
Appeals Dismissed
Minoan Group Plc is pleased to announce that the Appeals (petitions of annulment), against the Presidential Decree ("PD") granting land use approval for its Itanos Gaia project in Crete (the "Project") have been dismissed following the issuing of decisions number 1704/2017 and 1705/2017 of the Greek Conseil D'Etat.
The Company now has an un-appealable PD which, in effect, gives outline planning consent for the Project and allows the Board to take the steps necessary to crystallise value for all stakeholders.
Christopher Egleton, Minoan Chairman, commented:
"As a result of the Greek Supreme Court's decision, the Company can now accelerate the development of the Project, which will include, inter alia; the continuation of negotiations for joint venture arrangements with hoteliers, investors, partners and other parties.
It also means that our long cooperation with the Foundation Panagia Akrotiriani, the Municipality of Sitia and the local community can begin to bring more prosperity to the area.
This decision represents the successful culmination of many years of hard work by everyone in the Company with the patience and support of the Company's shareholders.
I look forward to providing the market with more news in the near future."
For further information please visit www.minoangroup.com or 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/Alex Bond Throgmorton Street Capital 020 7071 0808 Forbes Cutler Morgan Rossiter 020 3195 3240 Richard Morgan Evans/James Rossiter
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEUFAIFWSEEM
(END) Dow Jones Newswires
June 26, 2017 02:00 ET (06:00 GMT)
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