Source - RNS
RNS Number : 4142L
Minoan Group PLC
03 October 2016
 

3 October 2016

 

MINOAN GROUP PLC

(the "Group")

 

Loan Facility Extension

 

Minoan Group Plc announces the extension of the Loan Facility with Hillside International Holdings Limited ("Hillside") from 31 October 2016 to 30 June 2017.

The expiry dates of the Warrants issued in accordance with the terms of the Loan Facility have been extended by one year to the dates shown below:


Ordinary Shares of 1p each

Expiry date

Exercisable at 8 pence per share

10,000,000

17/10/18

Exercisable at 8 pence per share

5,000,000

27/11/18

Exercisable at 8 pence per share

10,000,000

05/02/19

Exercisable at 13 pence per share

10,000,000

07/08/19

Exercisable at 8 pence per share

5,000,000

30/04/20

Exercisable at 8 pence per share

5,000,000

28/05/20

Exercisable at 8 pence per share

5,000,000

23/10/20


   50,000,000


 

Christopher Egleton, Minoan Chairman, commented:

"The extension to the Loan Facility will greatly assist the Group as it moves forward."

 

For further information please visit www.minoangroup.com or contact:

Minoan Group Plc


Christopher Egleton

[email protected]

Duncan Wilson

0141 226 2930

Bill Cole

020 8253 4305



WH Ireland Limited

020 7220 1666

Adrian Hadden/Nick Prowting




Throgmorton Street Capital

020 7071 0808

Forbes Cutler




Morgan Rossiter

020 3195 3240

Richard Morgan Evans/James Rossiter


 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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