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MIN Minoan Group Plc

0.75
0.05 (7.14%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.05 7.14% 0.75 0.70 0.80 0.75 0.70 0.70 3,581,527 08:34:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 0 -1.07M -0.0013 -5.77 6.17M

Minoan Group PLC Loan Facility Extension (7493J)

30/06/2017 11:30am

UK Regulatory


Minoan (LSE:MIN)
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TIDMMIN

RNS Number : 7493J

Minoan Group PLC

30 June 2017

MINOAN GROUP PLC

(the "Group")

Loan Facility Extension

Minoan Group Plc announces the extension from 30 June 2017 to 31 December 2017 of the GBP5million 8% Loan Facility dated 16 October 2013 from Hillside International Holdings Limited.

The other terms of the Loan Facility remain unaltered with the exception that 10 million of the 50 million Warrants to subscribe for Ordinary Shares of 1p each in issue, which were previously exercisable at 13 pence per share, are now exercisable at 8 pence per share in line with the other 40 million Warrants and all Warrants now have an expiry date of 23 October 2020.

Christopher Egleton, Minoan Chairman, commented,

"The extension of the Loan Facility, together with the recently announced dismissal of the appeals against the Presidential Decree granting outline planning consent for the Group's project in Crete, will greatly assist the Board as it continues with its stated intention to provide value for all stakeholders."

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

MSCEAEKEDAPXEFF

(END) Dow Jones Newswires

June 30, 2017 06:30 ET (10:30 GMT)

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