Over the last 12 months the company has overcome a number of hurdles in Greece – including the awarding of a draft presidential decree in March – but it is still awaiting final signoff.
In an announcement to the stock market the company said it noted the share price rise and said it believed the process of approving the presidential decree was “now under way”.
“The Company looks forward to providing shareholders with further updates in due course,” the company said.
Shares in Minoan Group rose to 8.75p in early trading, having opened yesterday at 6.99p.
