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An update from Minoan Group plc ( (GB:MIN) ) is now available.
Minoan Group Plc has announced the proposed disposal of its wholly-owned subsidiary, Loyalward Limited, as part of a strategic move to address its financial challenges. The company is seeking shareholder approval for this disposal, which is crucial for its continued operations, given its reliance on DAGG for financial support. Additionally, the company is considering an investigation into the conduct of its former Chairman due to potential corporate governance issues. The disposal agreement includes provisions for the settlement of Loyalward’s debts and the potential capitalization or write-off of a loan from DAGG, which could have implications under the Takeover Code.
More about Minoan Group plc
Technical Sentiment Signal: Sell
Current Market Cap: £1.63M
For a thorough assessment of MIN stock, go to TipRanks’ Stock Analysis page.