Minoan Group PLC Issue of Shares and Warrants (5941B)
June 10 2019 - 1:00AM
UK Regulatory
TIDMMIN
RNS Number : 5941B
Minoan Group PLC
10 June 2019
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.
10 June 2019
MINOAN GROUP PLC
(the "Company", "Minoan")
Issue of Shares and Warrants pursuant to the Firm Subscription
and Open Offer
Following the successful conclusion of the Firm Subscription and
Open Offer, as approved at the General Meeting of 10 May 2019
("General Meeting") and as referred to in the announcement on the
same day, the Company has issued 7,636,364 ordinary shares of 1p
each in respect of the Firm Subscription received to date post the
General Meeting ("New Ordinary Shares").
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that
Admission will be effective on 14 June 2019.
The New Ordinary Shares are being issued and allotted under the
authorities granted at the General Meeting. Under the same
authorities, and subject to Admission, Minoan is also issuing to
Silja Investments Limited 1,298,182 warrants to subscribe for New
Ordinary Shares at an exercise price of 2.75 pence per share (the
"Warrants"). The Warrants will expire on 12 October 2023.
Following Admission, there will be a total of 412,553,447
ordinary shares of 1p each in issue, all with equal voting rights.
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 FCA's Disclosure Guidance and Transparency Rules.
For further information please visit www.minoangroup.com or
contact:
Minoan Group Plc
Christopher Egleton christopher.egleton@minoangroup.com
Bill Cole william.cole@minoangroup.com
WH Ireland Limited 020 7220 1666
Adrian Hadden/Lydia Zychowska
Cornhill Capital Limited 020 7710 9610
Daniel Gee
Sapience Communications Limited 020 3195 3240
Richard Morgan Evans
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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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