- Minoan says the committee of the general secretaries of the relevant Greek government ministries has approved the draft of the presidential decree in respect of the company's project in Crete.

This approval is the pre-cursor for the final approval of the presidential decree and represents the most significant step in the process so far.

Chairman Christopher Egleton said: "This is one of the most important days in the history of Minoan as we near the successful completion of a long journey. After its review by the Greek Council of State, the issuance of the Presidential Decree is expected in the near future. At this point, for the first time, there will be a secure environment in which the Project can be brought to fruition in order to maximise value to shareholders."

At 1:04pm: [LON:MIN] Minoan Group PLC share price was +1.13p at 15.13p

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