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Minoan Group PLC (MIN)

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Tuesday 23 July, 2019

Minoan Group PLC

Share Issue

RNS Number : 3298G
Minoan Group PLC
23 July 2019
 

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.

 

23 July 2019

 

MINOAN GROUP PLC

("Minoan")

 

Share Issue

 

In accordance with the terms of an agreement to settle a liability by the issue of shares, Minoan is issuing, subject to admission on AIM ("Admission"), 6,727,000 ordinary shares of 1p each ("New Ordinary Shares") at 9p per share.

 

In accordance with the previously announced agreement with Silja Investments Limited, Minoan is issuing, again conditional upon Admission occurring, 1,143,590 warrants to subscribe for New Ordinary Shares at an exercise price of 9 pence per share (the "Warrants"). The Warrants will expire on 12 October 2023.

 

The New Ordinary Shares are being allotted and issued under the authorities granted at Minoan's Annual General Meeting held on 30 April 2019. There are no shares held in treasury therefore, following Admission, there will be a total of 419,280,447 ordinary shares of 1p each in issue, all with equal voting rights. 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 Guidance and Transparency Rules.

 

Application has been made for the 6,727,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will be effective from 24 July 2019.

 

For further information visit www.minoangroup.com or contact:

 

Minoan Group Plc

 

Christopher Egleton

[email protected]

Bill Cole

[email protected]

 

 

WH Ireland Limited

020 7220 1666

Adrian Hadden/Lydia Zychowska

 

 

 

Cornhill Capital Limited

020 7710 9610

Daniel Gee

 

 

 

 

 

Sapience Communications Limited

020 3195 3240

Richard Morgan Evans

 

 


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