Minoan Group plc (GB:MIN) has released an update.
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Minoan Group plc is set to issue 77.9 million new shares to reduce significant liabilities, a move that highlights confidence in the company’s future prospects. The shares are being issued at a premium, indicating stakeholder optimism despite current market valuations. This transaction involves related parties and is considered fair by Minoan’s board after consulting with their adviser.
For further insights into GB:MIN stock, check out TipRanks’ Stock Analysis page.
