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Share Price Information for Minoan (MIN)

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Share Price: 0.65
Bid: 0.60
Ask: 0.70
Change: 0.00 (0.00%)
Spread: 0.10 (16.667%)
Open: 0.65
High: 0.65
Low: 0.65
Prev. Close: 0.65
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Update

2 Jul 2018 08:01

RNS Number : 2096T
Minoan Group PLC
02 July 2018
 

 

Minoan Group Plc

(the "Company")

Update

 

Sale of Stewart Travel Limited ("STL")

 

The Board expects that the Company will be in a position to exchange contracts in respect of the sale of STL in the next few weeks. Further, it understands that no issues have arisen during financial and commercial due diligence. A general meeting will be called immediately after exchange in order that shareholders can approve the transaction.

 

Loan Facility Extension

 

The Company announced on 14 December 2017 that its debt facility with Hillside International Holdings Limited ("Hillside") had been extended to 30 June 2018. The Company is in constructive discussions with Hillside with a view to further extending the facility to reflect the expectation of a successful sale of STL in the near future subject to shareholder approval, which is expected to provide the funds to settle the Hillside facility.

 

The Company will provide a further update on the progress of these discussions in due course.

 

 

Minoan Group Plc

 

Christopher Egleton

christopher.egleton@minoangroup.com

Duncan Wilson

duncan.wilson@minoangroup.com

Bill Cole

william.cole@minoangroup.com

 

 

WH Ireland Limited

020 7220 1666

Adrian Hadden/Alex Bond

 

 

 

Cornhill Capital Limited

020 7710 9610

Daniel Gee

 

 

 

Morgan Rossiter

020 3195 3240

Richard Morgan Evans/James Rossiter

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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14th May 20207:00 amRNSPreliminary Results for the year ended 31 Oct 2019
30th Apr 202010:27 amRNSResult of AGM
29th Apr 20207:00 amRNSUpdate and Timing of Results
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17th Jun 20197:00 amRNSHolding(s) in Company
10th Jun 20197:00 amRNSIssue of Shares and Warrants
20th May 20197:00 amRNSHolding(s) in Company
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20th May 20197:00 amRNSHolding(s) in Company
20th May 20197:00 amRNSHolding(s) in Company
20th May 20197:00 amRNSSignificant and Directors' Shareholdings
10th May 20192:06 pmRNSResult of Open Offer
10th May 201911:51 amRNSResult of General Meeting
30th Apr 201911:49 amRNSResult of AGM
24th Apr 20197:00 amRNSSubscription and Open Offer
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26th Feb 201911:04 amRNSDirector / PDMR Shareholding
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25th Jan 201911:07 amRNSReduction of Liabilities and Issue of Shares
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28th Dec 20184:41 pmRNSSecond Price Monitoring Extn
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21st Dec 201812:38 pmRNSShare Issue and Warrant Issue
7th Dec 20187:00 amRNSUpdate re Placing & Share Issue
3rd Dec 20187:00 amRNSPlacing and Share Issue
10th Oct 20187:00 amRNSCompletion of the Sale of Stewart Travel Limited
8th Oct 201810:18 amRNSResult of General Meeting
8th Oct 20187:00 amRNSUpdate
20th Sep 20187:00 amRNSProposed disposal of Stewart Travel Limited
31st Aug 20187:00 amRNSUpdate
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