Minoan Group plc (GB:MIN) has released an update.
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Minoan Group Plc has announced the issuance of over 14.7 million new ordinary shares at 1p each to settle certain liabilities, separate from a prior proposal related to balance sheet liabilities. The new shares are set to be admitted to trading on the AIM market from May 3, 2024, increasing the total number of shares in issue to approximately 844.4 million. This strategic move is expected to impact shareholder calculations concerning their interest in the company.
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