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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Manx Financial Group Plc | LSE:MFX | London | Ordinary Share | IM00B28ZPX83 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.00 | 20.00 | 22.00 | 21.00 | 21.00 | 21.00 | 17,500 | 07:31:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Personal Credit Institutions | 36.05M | 4.67M | 0.0405 | 5.19 | 24.25M |
TIDMMFX
RNS Number : 7069F
Manx Financial Group PLC
12 July 2023
FOR IMMEDIATE RELEASE 12 July 2023
Manx Financial Group PLC (the "Group")
Issue of Ordinary Shares pursuant to the Scrip Dividend
and Total Voting Rights
Further to the announcement made on 30(th) May 2023 in relation to the Scrip Dividend, the Group announces that it has received valid elections from shareholders resulting in a requirement to issue 418,993 New Ordinary Shares ("New Shares") at a price of 21.8974 pence per share.
Jim Mellon and Dr Gregory Bailey, both Directors and significant shareholders of the Group, have elected to be issued 78,900 and 65,384 Ordinary Shares of no par value ("Ordinary Shares") respectively at a price of 21.8974 pence per share representing their partial Script Dividend entitlements, thus maintaining their joint percentage holding under the Concert Party whitewash waiver approved on 9(th) April 2020. Douglas Grant and Alan Clarke, also Directors of the Group, have elected to receive Ordinary Shares under the Scrip Dividend as further set out in the table below.
Application has been made for the total of 418,993 New Shares to satisfy the Scrip Dividend exercise, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected on or around 19(th) July 2023.
Following the issue of the New Shares and Additional Allotment, the Company's issued share capital consists of 115,491,981 Ordinary Shares of no-par value, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 115,491,981 .
Directors' Dealings
The respective holdings of the Directors following the issue of ordinary shares pursuant to the Scrip Dividend:
Scrip Shares Issued Total number of shares held % of Issued Capital Jim Mellon (1) 78,900 21,748,214 18.83 Gregory Bailey (2) 65,384 18,022,674 15.61 Douglas Grant 9,178 543,129 0.47 Alan Clarke 946 55,994 0.05
(1) Burnbrae Limited holds 19,420,232 Ordinary Shares. Burnbrae Limited is 100% beneficially owned by Jim Mellon. Denham Eke, Executive Vice-Chairman of MFG, is also a director of Burnbrae Limited. Vidacos Nominees Limited also holds 2,327,982 Ordinary Shares in trust for Jim Mellon.
(2) Vidacos Nominees Limited holds 18,022,674 Ordinary Shares in trust for Gregory Bailey.
Total Voting Rights
The figure of 115,491,981 Ordinary Shares may be used by shareholders in the Group from the date of admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the shares of the Group under the Financial Conduct Authority's Disclosure and Transparency Rules.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
For further information, please contact:
Manx Financial Group Beaumont Cornish Limited Greentarget Limited PLC Roland Cornish/James Jamie Brownlee Denham Eke, Biddle Tel: +44 (0) 20 3307 Executive Vice Chairman Tel +44 (0) 20 7628 5726 Tel +44 (0)1624 694694 3396
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(END) Dow Jones Newswires
July 12, 2023 02:00 ET (06:00 GMT)
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