Announcement • May 01
Minoan Group plc Announces Grahame Cook Stepped Down from the Board, Effective May 1, 2025 Minoan Group Plc announced that Grahame Cook has stepped down from the board of Minoan with effect from May 1, 2025. Grahame Cook has been a Non-Executive Director since January 2006 and the Company has benefited greatly from his extensive knowledge and experience. He has acted as an adviser to many companies, some outside the UK, on mergers and acquisitions, equity fund-raising and financial strategy. Currently, he is a non-executive director of a number of companies listed on the main market and others quoted on AIM. Announcement • Apr 09
Minoan Group Plc, Annual General Meeting, Apr 30, 2025 Minoan Group Plc, Annual General Meeting, Apr 30, 2025. Location: the radisson blu hotel, london euston square, 130 tottenham court road, w1t 5ay, london United Kingdom New Risk • Feb 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£3.38m market cap, or US$4.25m). Minor Risk Latest financial reports are more than 6 months old (reported April 2024 fiscal period end). New Risk • Jul 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£652k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.70m market cap, or US$7.34m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Apr 08
Minoan Group Plc, Annual General Meeting, Apr 30, 2024 Minoan Group Plc, Annual General Meeting, Apr 30, 2024, at 10:00 Coordinated Universal Time. Location: offices of WH Ireland Limited, 24 Martin Lane London United Kingdom New Risk • Mar 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.81m market cap, or US$7.32m). Minor Risks Latest financial reports are more than 6 months old (reported April 2023 fiscal period end). Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Mar 08
Minoan Group plc and Its Wholly Owned Subsidiary Loyalward Ltd. Announces Board Changes Minoan Group Plc announced that Professor George Mergos, for personal reasons, has resigned as a Director of Minoan and Chairman of Loyalward Limited,the Group's wholly owned subsidiary. Professor Mergos joined the Board in February 2022 and the Board thanks him for his hard work in pushing forward the contract with the Foundation. The Company has appointed anew external Greek advisory team and additional legal support to complete thenegotiations with the Foundation and in preparation for the next stage in the development of the Project. In the coming weeks the Company expects to make further announcements on board changes, including a new Chairperson of Loyalward, and on other matters, as it moves ahead with the Project as outlined in the Update provided on 5 January. New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£5.81m market cap, or US$7.32m). Minor Risks Latest financial reports are more than 6 months old (reported April 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Oct 19
Minoan Group Plc, Annual General Meeting, Nov 10, 2023 Minoan Group Plc, Annual General Meeting, Nov 10, 2023, at 11:00 Coordinated Universal Time. Location: 30 Crown Place London United Kingdom Agenda: To consider and approve the accounts for the year ended 31 October 2022 together with the reports of the directors and auditors thereon. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director George Mergos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director George Mergos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Minoan Group Plc, Annual General Meeting, Apr 29, 2022 Minoan Group Plc, Annual General Meeting, Apr 29, 2022, at 09:00 Coordinated Universal Time. Location: Pinsent Masons LLP, 30 Crown Place London United Kingdom Announcement • Feb 15
Minoan Group Plc Announces Board Changes Minoan Group Plc announced the appointment of Mr. George Mergos as a director to the Boards of both the Company and its subsidiary Loyalward Limited. George is Professor Emeritus, Division of Development and International Economics, Department of Economics, National and Kapodistrian University of Athens. He is a Board member of the Foundation of Economic and Industrial Research. Since May 2017 he has been a director, and from June 2021 Vice Chairman, of Terna Energy SA. George, is a senior academic with extensive management experience at the highest levels in the public and the private sector. He has served as Secretary General of the Ministry of Finance, Secretary General of the Ministry of Economy, Governor of IKA, and as a member of the Boards of the Hellenic Financial Stability Fund, the Public Power Corporation and the Council of Europe Pension Reserve Fund. The Company announces that Barry Bartman has decided to retire from the Board. Announcement • Aug 19
Minoan Group Plc has completed a Follow-on Equity Offering in the amount of £0.153 million. Minoan Group Plc has completed a Follow-on Equity Offering in the amount of £0.153 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 13,909,091
Price\Range: £0.011
Transaction Features: Subsequent Direct Listing 