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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 |
From Apr 2019 to Apr 2024
TIDMMIN
RNS Number : 4147Q
Minoan Group PLC
06 June 2018
Minoan Group Plc
("Minoan" or the "Group")
Update
General
The proposed disposal of the Group's travel business is proceeding, albeit more slowly than previously envisaged. Sales for the 6 months to 30 April 2018 were comfortably ahead of the previous year.
In Greece, discussions with prospective partners are continuing and we expect to provide further updates as negotiations progress.
Share Issue
Minoan is issuing, subject to admission on AIM, 1,220,000 ordinary shares of 1p each ("New Ordinary Shares") at 6p per share to settle certain existing liabilities. Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 12 June 2018.
The New Ordinary Shares are issued under current authorities. Following Admission, there will be a total of 228,903,442 ordinary shares of 1p each 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 and Transparency Rules.
Grant of Option
The Group has granted an option to a new advisor for Greece to subscribe for 2.5 million ordinary shares of 1p each at 8p per share. The final subscription date for the option is 5 June 2020.
Minoan Group Plc Christopher Egleton christopher.egleton@minoangroup.com Duncan Wilson duncan.wilson@minoangroup.com Bill Cole william.cole@minoangroup.com WH Ireland Limited 020 7220 1666 Adrian Hadden/Alex Bond Cornhill Capital Limited 020 7710 9610 Daniel Gee Morgan Rossiter 020 3195 3240 Richard Morgan Evans/James Rossiter
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
June 06, 2018 02:00 ET (06:00 GMT)
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