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.
8 January 2025
Minoan Group Plc
("Minoan" or "the "Company")
Share Issue in respect of Loan
Conversion and Issue of Warrants
Share
Issue
Minoan announces that it has received a notice
to convert an existing convertible loan. As a result of this
notice, in the amount of £70,000, the Company will issue 7,000,000
ordinary shares of 1p each in Minoan ("Ordinary Shares") at a price
of 1p per Ordinary Share.
Application
for Admission
Application has been made for 7,000,000 new
Ordinary Shares to be admitted to trading on AIM ("Admission") and
it is expected that Admission will be effective from 13 January
2025. Following Admission, there will be a total of 929,218,539
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 FCA's Disclosure
Guidance and Transparency Rules.
Warrant
Issue
As part of the above conversion, Minoan is
issuing Warrants to subscribe for 2,500,000 Ordinary Shares at an
exercise price of 1p per Ordinary Share. The Warrants will be
exercisable up until 31 December 2025.
For further information visit www.minoangroup.com or contact:
Minoan Group Plc
mail@minoangroup.com
Zeus
020 3829 5000
Antonio Bossi / Andrew De Andrade
Peterhouse Capital Limited
020 7469 0930
Duncan Vasey