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MIN Minoan Group Plc

0.75
0.00 (0.00%)
26 Apr 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
  0.00 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

Minoan Group PLC Update (2096T)

02/07/2018 8:01am

UK Regulatory


Minoan (LSE:MIN)
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TIDMMIN

RNS Number : 2096T

Minoan Group PLC

02 July 2018

Minoan Group Plc

(the "Company")

Update

Sale of Stewart Travel Limited ("STL")

The Board expects that the Company will be in a position to exchange contracts in respect of the sale of STL in the next few weeks. Further, it understands that no issues have arisen during financial and commercial due diligence. A general meeting will be called immediately after exchange in order that shareholders can approve the transaction.

Loan Facility Extension

The Company announced on 14 December 2017 that its debt facility with Hillside International Holdings Limited ("Hillside") had been extended to 30 June 2018. The Company is in constructive discussions with Hillside with a view to further extending the facility to reflect the expectation of a successful sale of STL in the near future subject to shareholder approval, which is expected to provide the funds to settle the Hillside facility.

The Company will provide a further update on the progress of these discussions in due course.

 
 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

UPDSSASMEFASEIW

(END) Dow Jones Newswires

July 02, 2018 03:01 ET (07:01 GMT)

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