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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 | 2,331,190 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hotels And Motels | 0 | -1.07M | -0.0013 | -5.77 | 6.17M |
TIDMMIN
RNS Number : 3812W
Minoan Group PLC
18 August 2020
18 August 2020
Minoan Group Plc
("Minoan" or the "Company")
Placing and Subscription
The Directors of Minoan are pleased to announce a successful placing of, and subscription for, ordinary shares arranged by Pello Capital Limited. The total amount raised is GBP250,000. The shares will be issued at 1.1p per share and the placees/subscribers will also receive one warrant to subscribe for an ordinary share at 1.4p per share for every three shares taken up in the placing/subscription. The warrants will have the same terms as those issued in relation to the refinancing with DAGG LLP as announced on 21 July 2020.
A total of 13,909,091 shares in the Company have been placed by Pello Capital Limited with private investors at a price of 1.1 pence per share. A further 8,818,183 ordinary shares have been subscribed for on the same terms as the placing shares, including 4,545,455 ordinary shares by Grahame Cook, a non-executive director. The shares are expected to be admitted trading on AIM on, or around, 21 August 2020.
Chairman's Comment
I am very pleased to be announcing this successful Placing and Subscription, which follows the Company's Interim Results Announcement and the previously announced Refinancing.
As stated in my Chairman's Statement in the Interim Results Announcement, with the global lockdown beginning to ease we will accelerate the discussions with parties interested in participating in the Project.
For further information visit www.minoangroup.com or contact: Christopher Egleton christopher.egleton@minoangroup.com Bill Cole william.cole@minoangroup.com W H Ireland Limited 020 7220 1666 Adrian Hadden/Lydia Zychowska Pello Capital Limited 020 7710 9610 Mark Treharne Sapience Communications Limited 020 3195 3240 Richard Morgan Evans
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 18, 2020 02:00 ET (06:00 GMT)
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