Worth 100 Mil mcap if confirmed24 Mar 2017 09:04
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Current Price
9.875p
+3.25p +49.06%
Bid Price Offer Price
9.50p 10.25p
High Price Low Price Open Price
10.25p 7.75p 7.75p
Shares Traded Last Trade Market Cap (m)
3,267,704.00 08:47:12 19.22
Minoan Group PLC Greek Media Reports Dismissal of Appeals
Intraday Minoan Chart
Intraday Minoan Chart
24/03/2017 8:21am
UK Regulatory (RNS & others)
TIDMMIN
RNS Number : 4372A
Minoan Group PLC
24 March 2017
24 March 2017
MINOAN GROUP PLC
("Minoan" or the "Company")
Greek Media Reports Dismissal of Appeals against Presidential Decree
Minoan notes reports in the Greek Media stating that the appeals against the Presidential Decree ("PD") granting land use approval, for its Project in Crete have been rejected by the Greek Supreme Court. Minoan has not yet seen an announcement from the Greek Supreme Court and will update the market once one is issued.
Christopher Egleton, Minoan Chairman, commented:
"The issuance of the PD in March last year was described as a "transformational event". The appeals against it were clearly disappointing and frustrating and, as such, presuming the reports in the Greek press are correct, this will be transformational news for the company. Again, presuming the reports are correct, it signals the successful culmination of many years of effort by the Company and its advisors."
For further information please visit www.minoangroup.com or contact: