Minoan Group PLC Results of Placing (9846G)
30 Julio 2021 - 1:00AM
UK Regulatory
TIDMMIN
RNS Number : 9846G
Minoan Group PLC
30 July 2021
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.
30 July 2021
Minoan Group Plc
("Minoan" or the "Company")
Placing
The Directors of Minoan are pleased to announce a successful
placing of Ordinary Shares arranged by Peterhouse Capital Limited
(the "Placing"). 31,818,183 Ordinary Shares of 1p each are to be
issued at 1.1p per share raising GBP350,000. In addition, and in
order to settle certain liabilities, the Company is issuing
9,054,546 Ordinary Shares of 1p each at 1.1p per share,
representing a total value of GBP99,600.
Application has been made for a total of 40,872,729 new Ordinary
Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will be effective from 4 August 2021. The
new Ordinary Shares are issued under the authorities in existence
at the close of Minoan's last Annual General Meeting held on 30
April 2021. Following Admission, there will be a total of
602,517,005 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
and Transparency Rules.
For further information visit www.minoangroup.com or
contact:
Minoan Group Plc
Christopher Egleton christopher.egleton@minoangroup.com
Bill Cole william.cole@minoangroup.com
W H Ireland Limited
Adrian Hadden/Lydia Zychowska 020 7220 1666
Pello Capital Limited
Mark Treharne 020 7710 9610
Peterhouse Capital Limited
Duncan Vasey 020 7469 0930
Sapience Communications Limited
Richard Morgan Evans 020 3195 3240
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END
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