Last checked at 2 Aug 2011 07:00
2 August 2011
Minoan Group Plc
("Minoan" or the "Company")
Share Issue
In order to satisfy certain existing commitments, Minoan has agreed to issue 4,032,573 new ordinary shares of 1p each in the Company at 15 pence per share.
The Directors' beneficial shareholdings are 1,841,223 ordinary shares, representing 1.97% of the issued share capital as enlarged following this share issue.
Application has been made for the 4,032,573 new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 8 August 2011. Following Admission, there will be a total of 93,688,094 ordinary shares in issue. 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 FSA's Disclosure and Transparency Rules.
For further information visit www.minoangroup.com or contact:
Minoan Group Plc
Christopher Egleton christopher.egleton@minoangroup.com
Bill Cole 020 8253 4305
Seymour Pierce Limited 020 7107 8000
Nicola Marrin/David Foreman (Corporate Finance)
Marianne Woods (Corporate Broking)
Rivington Street Corporate Finance Limited 020 7562 3384
Dru Edmonstone
Bishopsgate Communications Limited 020 7562 3350
Nick Rome/Michael Kinirons