Minoan Regulatory News (MIN)

14 Mar 2008 14:18

Minoan Group PLC14 March 2008 14 March 2008 MINOAN GROUP PLC ("Minoan" or "the Company") Appeal Hearing and Publication of National Land Plan Appeal HearingThe Board of Minoan, the AIM-quoted leisure resort developer, has been advised that the hearing of the appeal lodged against the Greek Government's approval of the Company's Environmental Impact Assessment has been postponed by the Court to 9 May 2008. National Land PlanThe Board of Minoan also notes the recent announcement of the National Land Plan by the Greek Ministry of Planning and the Environment. The Plan has been approved by Government Committee and is scheduled to be submitted to Parliament during the current session. The National Land Plan will be the framework that, along with the Special Land Plan for Tourism, will "attract tourism investments important for the national economy" while achieving "integrated...sustainable development of the country,...and the protection of the national and cultural environment". The Special Land Plan for Tourism, which has already been through a public consultation period, provides specifically for "complex and integrated tourism developments" creating high quality destinations that will contribute to the enrichment of the country's tourism product. Cavo Sidero is a project actively promoting these policies. For further information visit www.minoangroup.com or contact: Christopher Egleton Minoan Group Plc 07808 722022Bill Cole Minoan Group Plc 01689 897397Jeremy Garrett-Cox/Nicola Marrin Seymour Pierce Limited 020 7107 8000Nick Rome/Nick Farmer Bishopsgate Communications Ltd 020 7562 3350Alan Frame Westport Communications Ltd 020 7404 7878 This information is provided by RNS The company news service from the London Stock Exchange