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Minoan Group PLC - London-based Greek hotel investor - Expects to conclude "constructive" discussions over its secured debt with DAGG LLP "shortly". Says it will update shareholders in due course. Also expects to provide an update on the progress of discussions regarding the commercial and financial activities of the Itanos Gaia project in Crete.
Firm also extends the expiry date of options granted to directors Grahame Cook and Timothy Hill as well as former director Barry Bartman and others who are not on the company's board. The options were originally due to expire at the end of 2022 and have now been extended to the end of 2023.
Current stock price: 0.97 pence, down 5.2% in London on Thursday afternoon
12-month change: down 21%
By Heather Rydings, Alliance News senior economics reporter
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