Minoan Group PLC Share Issue (3298G)
July 23 2019 - 1:00AM
UK Regulatory
TIDMMIN
RNS Number : 3298G
Minoan Group PLC
23 July 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.
23 July 2019
MINOAN GROUP PLC
("Minoan")
Share Issue
In accordance with the terms of an agreement to settle a
liability by the issue of shares, Minoan is issuing, subject to
admission on AIM ("Admission"), 6,727,000 ordinary shares of 1p
each ("New Ordinary Shares") at 9p per share.
In accordance with the previously announced agreement with Silja
Investments Limited, Minoan is issuing, again conditional upon
Admission occurring, 1,143,590 warrants to subscribe for New
Ordinary Shares at an exercise price of 9 pence per share (the
"Warrants"). The Warrants will expire on 12 October 2023.
The New Ordinary Shares are being allotted and issued under the
authorities granted at Minoan's Annual General Meeting held on 30
April 2019. There are no shares held in treasury therefore,
following Admission, there will be a total of 419,280,447 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.
Application has been made for the 6,727,000 new Ordinary Shares
to be admitted to trading on AIM and it is expected that Admission
will be effective from 24 July 2019.
For further information 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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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEEASXAALLNEFF
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