Last checked at 27 Oct 2011 07:00
27 October 2011
Minoan Group Plc
("Minoan" or the "Company")
Share Issue
In order to satisfy certain existing commitments, Minoan has agreed to issue 914,500 new ordinary shares of 1p each in the Company at 10 pence per share.
The Directors' beneficial shareholdings are 1,841,223 ordinary shares, representing 1.79% of the issued share capital as enlarged following this share issue.
Application has been made for the 914,500 new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 1 November 2011. Following Admission, there will be a total of 102,957,139 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 | |
Jon Levinson | |
Bishopsgate Communications Limited | 020 7562 3350 |
Nick Rome/Shabnam Bashir |