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Minoan Group plc ( (GB:MIN) ) just unveiled an announcement.
Minoan Group PLC has announced the conversion of an existing convertible loan, resulting in the issuance of 7,000,000 new ordinary shares at a price of 1p each. This move will increase the total number of Minoan’s ordinary shares in issue to 929,218,539, offering a new opportunity for shareholders to assess their interests under the FCA’s rules. Additionally, the company is issuing warrants for 2,500,000 ordinary shares, exercisable until the end of 2025, indicating a strategic financial adjustment to enhance its capital structure.
More about Minoan Group plc
YTD Price Performance: -30.0%
Average Trading Volume: 2,722,227
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £5.07M
Find detailed analytics on MIN stock on TipRanks’ Stock Analysis page.