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Minoan Group files loss, appoints Deloitte to assist board. | 30 April 2021

30 April 2021 | 09:10am
StockMarketWire.com - Greece and Crete exposed tourism firm the Minoan Group has reported a successive year of loss, although substantially lower than 2019’s result.
For the year ended 31 October, the overall group loss was reduced to £876,000 a sharp reduction from the firm’s previous loss of £2,077,000. This was driven by finance costs being reduced by £1,266,000.
In further developments, the group has appointed Deloitte to assist the board and review plans and has progressed with discussions regarding adjustments to its contracts.
Minoan chairman, Christopher Egleton commented: “I am pleased that we have been able to make progress in what has been a very difficult period for any business associated with the tourism industry. The Crete project s inherent flexibility allows it to meet the changing demands in the post-Covid world.” ....

Christopher Egleton , Minoan Group ,

Investegate |Minoan Group PLC Announcements | Minoan Group PLC: Notice of Annual General Meeting

A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

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Investegate |Minoan Group PLC Announcements | Minoan Group PLC: Placing, Share Issue & Option Expiry Dates

The Directors of Minoan are pleased to announce a placing by investors of Peterhouse Capital Limited of 12,500,000 ordinary shares of 1p each to be issued at 1.1p per share (the Placing ). In addition, and in order to settle certain existing liabilities the Company is issuing 3,636,364 Ordinary Shares of 1p each at 1.1p per share. The total value of the two issues is £177,500, the majority of which will be utilised in meeting working capital requirements and Project costs.

Subject to admission on AIM, 16,136,364 Ordinary Shares of 1p will be issued at 1.1p per share.

Application has been made for the 16,136,364 new Ordinary Shares to be admitted to trading on AIM ( Admission ) and it is expected that Admission will be effective from 30 December 2020. 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 ....

Richard Morgan Evans , Christopher Egleton , Timothy Hill , Adrian Hadden Lydia Zychowska , Grahame Cook , Barry Bartman , Mark Treharne , Duncan Vasey , Bill Cole , Sapience Communications , Minoan Group Plc , Wh Ireland , Peterhouse Capital , Pello Capital , Peterhouse Capital Limited , Joint Broker , Ordinary Shares , Annual General Meeting , ரிச்சர்ட் மோர்கன் எவன்ஸ் , தீமோத்தேயு மலை , கிரஹாம் சமைக்கவும் , பாரி பார்ட்மேன் , டங்கன் வாஸி , ர சி து கோல் , சாபின்செ தகவல்தொடர்புகள் , வ் ஐயர்ல்யாஂட் ,