Minoan Group PLC Greek Media Reports Dismissal of Appeals (4372A)
March 24 2017 - 3:21AM
UK Regulatory
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:
Minoan Group Plc
Christopher Egleton christopher.egleton@minoangroup.com
Duncan Wilson 0141 226 2930
Bill Cole 020 8253 4305
WH Ireland Limited 020 7220 1666
Adrian Hadden/Nick Prowting
Throgmorton Street Capital 020 7071 0808
Forbes Cutler
Morgan Rossiter 020 3195 3240
Richard Morgan Evans/James
Rossiter
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 24, 2017 04:21 ET (08:21 GMT)
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