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Minoan Group Plc announced on 05 August 2025 that its Board now expects a formalised offer from DAGG LLP by close of business on Friday, 8 August 2025, following a 29 July 2025 announcement. This extension was agreed as the Report and Financial Statements for Minoan's 100% owned subsidiary, Loyalward Limited, for the year ended 31 October 2024, are under auditor review. The Board also stated its view that Minoan Group Plc will enter an insolvency process if DAGG LLP fails to make a formalised offer.
| Date | 5 Aug 2025 |
| Time | 12:57:41 |
| Category | Corporate updates |
| ID | 0801U |
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
5 August 2025
Minoan Group Plc
("Minoan")
Update of expected Offer from DAGG LLP
Further to the announcement of 29 July 2025, the Minoan Board now expects a formalised offer from DAGG LLP to be made by close of business Friday, 8 August 2025.
Since Loyalward Limited's (Minoan's 100% owned subsidiary) Report and Financial Statements for the year ended 31 October 2024 are being reviewed by the auditors, it is reasonable that this short extension has been agreed.
Should DAGG LLP fail to make a formalised offer, it is the view of the Board that Minoan Group Plc will enter an insolvency process.
For further information visit www.minoangroup.com or contact:
Minoan Group Plc [email protected]
Zeus 020 3829 5000
Antonio Bossi / Andrew De Andrade
Peterhouse Capital Limited 020 7469 0930
Duncan Vasey