News Column

Minoan to issue 3.2m shares

August 8, 2014

TRAVEL company Minoan Group has announced plans to issue more than 3.2 million new shares on to the Alternative Investment Market (AIM).

As a result of lending agreements struck in February this year, it gave unnamed debt providers the option of being repaid in cash or shares for a period running to the end of October 2016.

Yesterday the Glasgow-based business said some of those lenders have now chosen to takes shares and they would be issued at 8.5 pence per share.

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Source: Herald, The (Scotland)

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