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30 April 2021 | 09:10am StockMarketWire.com - Greece and Crete exposed tourism firm the Minoan Group has reported a successive year of loss, although substantially lower than 2019’s result. For the year ended 31 October, the overall group loss was reduced to £876,000 a sharp reduction from the firm’s previous loss of £2,077,000. This was driven by finance costs being reduced by £1,266,000. In further developments, the group has appointed Deloitte to assist the board and review plans and has progressed with discussions regarding adjustments to its contracts. Minoan chairman, Christopher...

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    The Directors of Minoan are pleased to announce a placing by investors of Peterhouse Capital Limited of 12,500,000 ordinary shares of 1p each to be issued at 1.1p per share (the "Placing"). In addition, and in order to settle certain existing liabilities the Company is issuing 3,636,364 Ordinary Shares of 1p each at 1.1p per share. The total value of the two issues is £177,500, the majority of which will be utilised in meeting working capital requirements and Project costs.   Subject to admission on AIM, 16,136,364 Ordinary Shares of 1p will be issued at ...