Minoan Group PLC Share Issue/Options (5830B)

TIDMMIN

RNS Number : 5830B

Minoan Group PLC

05 April 2017

5 April 2017

MINOAN GROUP PLC

("Minoan")

Share Issue/Options

Share Issue

Minoan is issuing, subject to admission on AIM, 4,482,000 Ordinary Shares of 1p each at 10.32p and 3,424,500 Ordinary Shares of 1p each at 10.59p (new Ordinary Shares) to settle certain existing liabilities. Application has been made for the 7,906,500 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 10 April 2017.

The new Ordinary Shares are issued under the authorities in existence at the close of Minoan's last Annual General Meeting held on 25 April 2016. Following Admission, there will be a total of 205,257,468 Ordinary Shares 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.

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/Nick Prowting 
 
 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

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