- Minoan Group said reports in the Greek media had stated that appeals against the Presidential Decree (PD) granting land use approval for its Project in Crete were rejected by the Greek Supreme Court.

Chairman Christopher Egleton said the issuance of the PD in March last year was described as a transformational event.

"The appeals against it were clearly disappointing and frustrating and, as such, presuming the reports in the Greek press are correct, this will be transformational news for the company," he said.

"Again, presuming the reports are correct, it signals the successful culmination of many years of effort by the Company and its advisors."

At 9:28am: [LON:MIN] Minoan Group PLC share price was +2.88p at 9.5p

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