Minoan Group PLC Loan Facility Extension (4142L)
October 03 2016 - 2:00AM
UK Regulatory
TIDMMIN
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 Expiry
each date
------------- ---------
Exercisable at 8 pence 10,000,000 17/10/18
per share
Exercisable at 8 pence 5,000,000 27/11/18
per share
Exercisable at 8 pence 10,000,000 05/02/19
per share
Exercisable at 13 pence 10,000,000 07/08/19
per share
Exercisable at 8 pence 5,000,000 30/04/20
per share
Exercisable at 8 pence 5,000,000 28/05/20
per share
Exercisable at 8 pence 5,000,000 23/10/20
per share
-------------
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 christopher.egleton@minoangroup.com
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
END
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