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An announcement from Minoan Group plc ( (GB:MIN) ) is now available.
Minoan Group Plc has announced a temporary suspension of trading of its shares on AIM due to insufficient funding, which has delayed the publication of its annual report and accounts for the year ended 31 October 2024. Despite this setback, the company plans to continue making necessary announcements in compliance with AIM Rules. Additionally, Minoan has received a proposal from its secured loan provider, DAGG LLP, to convert certain loans into equity and inject approximately £4.44 million of new funds, which will be presented to shareholders at a forthcoming General Meeting.
More about Minoan Group plc
YTD Price Performance: -72.50%
Average Trading Volume: 2,335,521
Technical Sentiment Signal: Buy
Current Market Cap: £1.53M
Learn more about MIN stock on TipRanks’ Stock Analysis page.