Proactiveinvestors United Kingdom Minoan Group plc https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Minoan Group plc RSS feed en Sun, 16 Jun 2019 23:31:50 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Issue of Shares and Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190610070004_14103977/ Mon, 10 Jun 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190610070004_14103977/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190520070023_14079338/ Mon, 20 May 2019 07:00:23 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190520070023_14079338/ <![CDATA[RNS press release - Significant and Directors' Shareholdings ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190520070022_14079337/ Mon, 20 May 2019 07:00:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190520070022_14079337/ <![CDATA[RNS press release - Result of Open Offer ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190510140630_14070202/ Fri, 10 May 2019 14:06:30 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190510140630_14070202/ <![CDATA[RNS press release - Result of General Meeting ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190510115115_14069990/ Fri, 10 May 2019 11:51:15 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190510115115_14069990/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190430114958_14057392/ Tue, 30 Apr 2019 11:49:58 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190430114958_14057392/ <![CDATA[RNS press release - Subscription and Open Offer ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190424070005_14049242/ Wed, 24 Apr 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190424070005_14049242/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190408080103_14032117/ Mon, 08 Apr 2019 08:01:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190408080103_14032117/ <![CDATA[RNS press release - Preliminary Results Announcement ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190408080056_14032116/ Mon, 08 Apr 2019 08:00:56 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190408080056_14032116/ <![CDATA[RNS press release - Director / PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190226110424_13982134/ Tue, 26 Feb 2019 11:04:24 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190226110424_13982134/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190225070007_13979597/ Mon, 25 Feb 2019 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190225070007_13979597/ <![CDATA[RNS press release - Reduction of Liabilities and Issue of Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190125110720_13947293/ Fri, 25 Jan 2019 11:07:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20190125110720_13947293/ <![CDATA[RNS press release - Option Expiry Dates ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181231070006_13918713/ Mon, 31 Dec 2018 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181231070006_13918713/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228164104_13918565/ Fri, 28 Dec 2018 16:41:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228164104_13918565/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228163613_13918556/ Fri, 28 Dec 2018 16:36:13 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228163613_13918556/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228140526_13918326/ Fri, 28 Dec 2018 14:05:26 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228140526_13918326/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228140026_13918322/ Fri, 28 Dec 2018 14:00:26 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181228140026_13918322/ <![CDATA[RNS press release - Share Issue and Warrant Issue ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181221123840_13913467/ Fri, 21 Dec 2018 12:38:40 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181221123840_13913467/ <![CDATA[RNS press release - Update re Placing & Share Issue ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181207070004_13895004/ Fri, 07 Dec 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181207070004_13895004/ <![CDATA[RNS press release - Placing and Share Issue ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181203070004_13887936/ Mon, 03 Dec 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181203070004_13887936/ <![CDATA[RNS press release - Completion of the Sale of Stewart Travel Limited ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181010070003_13822496/ Wed, 10 Oct 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181010070003_13822496/ <![CDATA[RNS press release - Result of General Meeting ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181008101844_13820001/ Mon, 08 Oct 2018 10:18:44 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181008101844_13820001/ <![CDATA[News - Minoan says Crete project value expected to be “substantially” higher than market cap ]]> https://www.proactiveinvestors.co.uk/companies/news/206571/minoan-says-crete-project-value-expected-to-be-substantially-higher-than-market-cap-206571.html Minoan Group PLC (LON:MIN) has said the value of its project in Crete was now “substantially higher” than its current market cap of £7.4mln.

In an update ahead of its general meeting today, the luxury resort developer said the project had attracted a number of interested parties and that it had already entered into a number of non-disclosure agreements and expected to enter others as negotiations progressed.

READ: Minoan soars after court dismisses appeals against its proposed Itanos Gaia project

The group added that following the sale of Stewart Travel Limited (STL), its travel and leisure division, to Zachary Asset Holdings Limited for £6.6mln, overheads would be “reduced dramatically” with secured debts being less that £1mln.

Minoan also said that in order to manage cash and show confidence in the future, a number of its directors were willing to accept shares in place of a “large part” of their unpaid remuneration.

Shares were down 1.5% at 3.2p.

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Mon, 08 Oct 2018 08:58:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206571/minoan-says-crete-project-value-expected-to-be-substantially-higher-than-market-cap-206571.html
<![CDATA[RNS press release - Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181008070004_13819206/ Mon, 08 Oct 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20181008070004_13819206/ <![CDATA[RNS press release - Proposed disposal of Stewart Travel Limited ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180920070016_13797537/ Thu, 20 Sep 2018 07:00:16 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180920070016_13797537/ <![CDATA[RNS press release - Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180831070004_13773806/ Fri, 31 Aug 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180831070004_13773806/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180731070008_13736840/ Tue, 31 Jul 2018 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180731070008_13736840/ <![CDATA[RNS press release - Loan Facility Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180712070004_13714728/ Thu, 12 Jul 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180712070004_13714728/ <![CDATA[RNS press release - Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180702080110_13701046/ Mon, 02 Jul 2018 08:01:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180702080110_13701046/ <![CDATA[RNS press release - Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180606070006_13668326/ Wed, 06 Jun 2018 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180606070006_13668326/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180430121747_13623902/ Mon, 30 Apr 2018 12:17:47 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180430121747_13623902/ <![CDATA[RNS press release - Align Research Note ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180427070011_13620948/ Fri, 27 Apr 2018 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180427070011_13620948/ <![CDATA[RNS press release - Placing & Appointment of Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180426112414_13620035/ Thu, 26 Apr 2018 11:24:14 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180426112414_13620035/ <![CDATA[RNS press release - Notice of Annual General Meeting ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180406070004_13594252/ Fri, 06 Apr 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180406070004_13594252/ <![CDATA[RNS press release - Preliminary Results for Year Ended 31 October 2017 ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180406070003_13594216/ Fri, 06 Apr 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180406070003_13594216/ <![CDATA[RNS press release - Update - Amended ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180313141113_13565383/ Tue, 13 Mar 2018 14:11:13 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180313141113_13565383/ <![CDATA[RNS press release - Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180313070002_13564097/ Tue, 13 Mar 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180313070002_13564097/ <![CDATA[RNS press release - Significant Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180104070004_13484673/ Thu, 04 Jan 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20180104070004_13484673/ <![CDATA[RNS press release - Option Expiry Dates ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171229070002_13479760/ Fri, 29 Dec 2017 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171229070002_13479760/ <![CDATA[RNS press release - Broker Offer ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171220070003_13471761/ Wed, 20 Dec 2017 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171220070003_13471761/ <![CDATA[RNS press release - Subscription & Broker Offer ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171218070004_13468366/ Mon, 18 Dec 2017 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171218070004_13468366/ <![CDATA[RNS press release - Update - Trading & Financing ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171214134140_13466013/ Thu, 14 Dec 2017 13:41:40 +0000 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171214134140_13466013/ <![CDATA[RNS press release - Significant Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171009103931_13390208/ Mon, 09 Oct 2017 10:39:31 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20171009103931_13390208/ <![CDATA[RNS press release - Interim Results For The 6 Months End 30 April 2017 ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170726070004_13307394/ Wed, 26 Jul 2017 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170726070004_13307394/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170710070006_13288641/ Mon, 10 Jul 2017 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170710070006_13288641/ <![CDATA[RNS press release - Loan Facility Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170630113058_13279638/ Fri, 30 Jun 2017 11:30:58 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170630113058_13279638/ <![CDATA[News - Minoan soars after court dismisses appeals against its proposed Itanos Gaia project ]]> https://www.proactiveinvestors.co.uk/companies/news/179814/minoan-soars-after-court-dismisses-appeals-against-its-proposed-itanos-gaia-project-179814.html Shares in luxury resort developer Minoan Group plc (LON:MIN) soared on Monday after it won a legal battle over its Itanos Gaia project in Crete.

The appeals against the presidential decree that granted land use approval for the project were dismissed. Minoan now effectively has planning consent for the project.

"As a result of the Greek Supreme Court's decision, the company can now accelerate the development of the project, which will include, inter alia: the continuation of negotiations for joint venture arrangements with hoteliers, investors, partners and other parties,” said Christopher Egleton, chairman of Minoan.

It also means the company’s long cooperation with the Foundation Panagia Akrotiriani, the Municipality of Sitia and the local community can continue, Egleton added.

“This decision represents the successful culmination of many years of hard work by everyone in the company with the patience and support of the company's shareholders,” Egleton added.

Shares in Minoan were up 25% at 10.63p in mid-morning trading.

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Mon, 26 Jun 2017 09:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/179814/minoan-soars-after-court-dismisses-appeals-against-its-proposed-itanos-gaia-project-179814.html
<![CDATA[RNS press release - Appeals Dismissed ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170626070005_13272153/ Mon, 26 Jun 2017 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170626070005_13272153/ <![CDATA[RNS press release - Acquisition, Placing and Balance Sheet ]]> https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170522070010_13232766/ Mon, 22 May 2017 07:00:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/645/LSE20170522070010_13232766/ <![CDATA[News - Minoan blames Brexit and Turkish unrest for travel slump ]]> https://www.proactiveinvestors.co.uk/companies/news/163692/minoan-blames-brexit-and-turkish-unrest-for-travel-slump-163692.html Minoan Group plc (LON:MIN) has been hit by the weakness in sterling following Brexit and a downturn in travel to Turkey it warned today.

The Aegean-focused travel group said it was losing £100,000 per month as the market for late holidays to Turkey has turned down by 40% due to a spate of terror attacks.

More than 40 people died in a suicide bomb attack at Ataturk airport in Istanbul in June, while a failed coup in July left more than 160 dead.

Bookings for 2017 are looking more promising but this year will see a significant profit hit, said the AIM-listed group.

In Greece, the timetable for appeals against the presidential decree for its proposed leisure complex in Crete remains 16 September with no reason to expect a change, said Minoan.

The huge project will include a number of small to medium sized hotels of 'extremely high standards'.

Shares fell 13% to 7.5p.

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Fri, 09 Sep 2016 08:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/163692/minoan-blames-brexit-and-turkish-unrest-for-travel-slump-163692.html