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7 April 2022
Minoan Group Plc
("the Company" or "Minoan")
Notice of Annual General Meeting
Minoan Group Plc announces that its Annual General Meeting will be held at 10.00 a.m. on 29 April 2022 at the offices of Pinsent Masons LLP, 30 Crown Place, London, EC2A 4ES.
The Notice of Annual General Meeting will be available on the Company's website today and will be posted today to those shareholders who have elected to continue to receive hard copy communication from the Company.
The Company intends to publish its results for the year ended 31 October 2021 before the Annual General Meeting.
Included in the results, Minoan will provide an update regarding any further substantive developments both within the Company and its Itanos Gaia Project in Crete (the "Project"). The Company has commissioned a range of reports including Deloitte Business Solutions SA's engagement to advise on and update the Project Business Plan and prepare a presentation of the Plan to assist both parties in the discussions with the Foundation. The update will therefore include as much of the key information as possible from the reports when they are complete in order to keep shareholders fully informed.
Christopher Egleton said "With the business plan updated, confirming the significant potential of The Project and with George Mergos appointed as Chairman of Loyalward Limited and leading discussions with the Foundation as well as the commercial operations in Greece, we look forward to providing a more comprehensive update on progress when we release our year end results."
Nick as I said to Bigwell let’s see where this is in a month before you start getting carried away after all it’s got form for this swing in SP and then down it goes ,what’s a month after all theses decades ,end of April ?
Latest score: Minoan 1.3p Arsenil 0
Still all to play for? Not really. Looks game over as Arsenal just can't shoot on target and are prone to own goals. Minoan's new Greek signing has come on and is already showing his value. He's already set-up centre forward Big Wil for his hat-trick. Minoan playing at home in Greece with the influential Greek crowd right behind them. Greece giving vouchers to encourage ticket sales and season tickets likely to be extended to 99 years.
Predicted score after the home leg in a couple of months' time: Minoan 6 p Arsenal nil with a points deduction for foul play for Arsenal.
Minoan's squad assets are valued at £47m by experts but the transfer market is on the rise in Greece and agents are finally likely to release a potentially significant higher valuation. Pundits reckon that Middle East and global interest in a takeover of the Club at a significant premium looks highly likely this year.
Bigwell we will see as this has happened time and time again , let us see where you are in a month
Still living in the past then.
A few weeks with George at the helm - the ship may have sailed by then..........................
Bigwell that is simply because I live in the real world of investing not Minoans BOD world of continually coming up with different strategy the latest being a new appointment baring in mind he is already here already in Minoan After all time is on your side it is decades since anything has happened so what’s are a few weeks eh Let us see where SP is then
Sitting on the fence then Arsenal.
And not a derogatory word in two posts !
This is unheard of !!!
As I said Bigwell we will wait and see where you are in a few weeks !
Minoan Group PLC - Greek hotel investor - Appoints George Mergos as chair of Loyalward Ltd, the Minoan subsidiary that owns the Itanos Gaia project in Crete. Mergos will remain a director of Minoan as well.
"With the project finally able to move to definitive agreements, which will require contractual relationships to be agreed in order to develop the site at Cavo Sidero, I am delighted to be able to be involved proactively in seeing this unique development finally take shape,"
Mergos comments. "The project is set in the largest private estate in the Eastern Mediterranean, and Minoan's steadfast and patient shareholders can rest assured that I aim to see their commitment and loyalty rewarded with further demonstrable progress in its development in the near future."
He certainly has a way with his words and talks the talk, hopefully his actions will speak louder..........
Smart move to get more Greek involvemement - Looks to me that George is overflowing with the right credentials to take this project further. One of these fortunate individuals who is in the right place just at the right time.
Stakeholders/investors/developers should eventually be falling over themselves to get a piece of the project:
*Largest private estate in the Eastern Mediterranean
*Set in the Cavo Sidero 25 sq km Peninsula, with its 28kms of coast with numerous secluded coves and bays
*In an area of outstanding natural beauty with spectacular views
*Permitted build space of 108,000 sq m, plus allowances
*Distinctive locations for hotels and resorts
*Properties can include significant outside space
*Project granted “Strategic investment” status by the Greek Government
*With the benefit of an extremely flexible outline planning permission
*Using less than 0.5% of the land for building
*Endowed naturally with a history spanning the Minoan, Hellenistic, Venetian and Byzantine periods
*30 minutes from Sitia international airport
*Project supported by Municipality of Sitia and 28 unions & trade associations, in addition to the Church and Foundation
*The current design teams include both International and Greek specialists.
*Will contribute a significant number of jobs and economic benefits to the local area and Greece in terms of tourism and competitiveness.
Not an endorsement a word of caution let’s see what happens over the next few weeks ! It’s called being realistic
Cor that's a ringing endorsement compared to what you normally have to say!!
Let’s see if this new name can move things on , we wait with anticipation ?
25 March 2022
MINOAN GROUP PLC
("Minoan")
George Mergos Appointed Chairman of Loyalward Limited
Minoan is delighted to announce that Professor George Mergos has been appointed Chairman of Loyalward Limited, the Group's wholly owned subsidiary and owner of the Group's Itanos Gaia Project in Crete. This appointment is in addition to George's current role as a director of Minoan.
Christopher Egleton said "As the Project moves toward contracts and commercialisation, it has become increasingly clear that we need someone in the lead role who not only understands the Greek business environment at the most senior level, but with whom all parties in Greece are comfortable dealing. With George's extensive background across the public and private sectors and with his experience in both complex projects and finance, we felt it was time to hand over the role of Chairman of Loyalward, a role that I have performed for over 20 years.
Shareholders should not underestimate the importance of this appointment. It is a significant milestone for both Minoan and the Project, and is testament to the pace of developments over recent months."
George Mergos said "With the Project finally able to move to definitive agreements, which will require contractual relationships to be agreed in order to develop the site at Cavo Sidero, I am delighted to be able to be involved proactively in seeing this unique development finally take shape.
The Project is set in the largest private estate in the Eastern Mediterranean and Minoan's steadfast and patient shareholders can rest assured that I aim to see their commitment and loyalty rewarded with further demonstrable progress in its development in the near future."
Sorry typo error that should of said About this time of year .
It is about this droid of time soon that the begging bowl will be out when the BOD will be asking for a new tranche of shares to be sold to cover the debts again ? Still no investment coming regarding the barren undeveloped land project ,watch this space !
As usual don’t like the Facts decades on ,here is a simple Fact for you Bigwell SP 0,97.5p
How do you know that?
Yet another throw-away comment without any base to it.
Some more facts for you Bigwell it appears there is No investment coming soon as it’s back below a penny again !
Pedro absolutely bang on mate at least you live in the real world mate and they are Facts im afraid the obvious candidate still does not accept realism hence does not give any insight to possible cash investment decades on and still today in 2022 ! Now’s that’s a Fact
Just thought I'd go back 30 pages and see what was being said!
I am not a shareholder, I was years ago when it was called something else, was it Loyalward on Plus markets then came to AIM in 2006.
More irrelevant untrue assertions - Please stick to the facts .
What’s another year after all the CEO has been waiting decades whilst getting a salary for doing nothing you can’t make it up
In my opinion despite the. Constant optimism of the chairman there would have been no realistic
Prospect of a deal being Done in the last 5 years.The contract with the foundation has clauses it it which a developer would find to onerous.
Post Covid and the recent changes in the law there must be some value. If the foundation move their position then shareholders may be in for a pleasant surprise.If they won’t budge then they should still have interest at a lower price level.I think even the most optimistic soul must accept that if it does attract any third party by the end of this year then it probably never Will.
Bigwell someone has to Fund the project because Minoan has No Capital so after d3cades of looking for someone have yo7 got any ideas who would put the money ? Because the BOD have been trying for a long time ?