18 March 2015
MINOAN GROUP PLC
("Minoan" or the "Company" or the "Group")
Share Price Movement/Media Comment
The Board of Minoan notes the recent movement in the Company's share price and also comment in the media regarding the draft presidential degree in respect of the Group's project in Crete (the "Project"). The draft presidential decree approves the development plan and the strategic environmental impact study in respect of the Project, which were submitted last year.
Minoan is pleased to confirm that a Plenum of the Greek Council of State (the highest court in Greece) has unanimously approved the draft presidential decree, with no dissenting opinions, which was signed off by the President of the Council of State.
The draft presidential decree will now go to the relevant Ministers and finally to the President of the Republic for their signatures.
The Company will make a further announcement as and when appropriate.
For further information please visit www.minoangroup.comor contact:
Minoan Group Plc |
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Christopher Egleton |
[email protected] |
Duncan Wilson |
0141 226 2930 |
Bill Cole |
020 8253 4305 |
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WH Ireland Limited |
020 7220 1666 |
Adrian Hadden/Mark Leonard |
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Throgmorton Street Capital |
020 7071 0808 |
Forbes Cutler |
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Morgan Rossiter |
020 3195 3240 |
Richard Morgan Evans/James Rossiter |
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