8 June 2016
Minoan Group Plc
(Minoan" or "the Company")
Minoan is pleased to inform shareholders that Greece's Supreme Administrative Court, the Council of State, has set an early hearing of the appeals against the Greek State's issuance of the Presidential Decree ("PD") granting the equivalent of outline planning consent for the Group's project in Crete. The hearing has been set for 4 July 2016 at an extra Court session within the Summer recess period of the Court.
Christopher Egleton, Minoan Chairman, commented:
"Given the circumstances, the early hearing outside of the normal flow of cases is an indication of the importance being attached to encouraging foreign investments in Greece. The Company is looking forward to the hearing with confidence in the Greek Justice system, which has already twice confirmed that the PD had been lawfully proposed.
The Company will keep shareholders updated with any further news as soon as it is available".
For further information visit www.minoangroup.com or contact:
Minoan Group Plc |
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Christopher Egleton |
christopher.egleton@minoangroup.com |
Duncan Wilson |
duncan.wilson@minoangroup.com |
Bill Cole |
william.cole@minoangroup.com |
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WH Ireland Limited |
020 7220 1666 |
Adrian Hadden/Mark Leonard |
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Throgmorton Street Capital |
020 7071 0808 |
Forbes Cutler |
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Morgan Rossiter |
020 3195 3240 |
Richard Morgan Evans/James Rossiter |
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