MFX Manx Financial Group Plc

 

TIDMMFX 
 
RNS Number : 9899N 
Manx Financial Group PLC 
22 June 2010 
 

FOR IMMEDIATE RELEASE 
         22 June 2010 
 
                    Manx Financial Group PLC (the 'Company') 
 
                              Update on Open Offer 
 
 
  Update on Open Offer of up to 21,138,817 New Ordinary Shares at 9 pence per 
share on the basis of 1 New Ordinary Share for every 3 Existing Ordinary Shares 
                               (the "Open Offer") 
 
 
Manx Financial Group PLC announces that the excess applications for 12,803,453 
New Ordinary Shares have been scaled down to 6,992,291 New Ordinary Shares (the 
'Excess Allocation Shares').  The Excess Allocation Shares have been allocated 
on the following basis;- 
 
o  As stated in the Open Offer document, smaller shareholders were to be given 
priority when apportioning the remaining available shares.  Smaller shareholders 
have been defined as existing shareholders with less than 0.5% of the issued 
share capital as at the offer date.  Those smaller shareholders who applied for 
shares in excess of their entitlement have been satisfied in full. 
o  The remaining shareholders who applied for shares in excess of their 
entitlement have received 0.4276 New Ordinary Shares for every excess share 
applied for. 
 
Following this scaling down the Company has allotted 21,138,277 new shares. 
Therefore the total number of Ordinary Shares in issue in the Company is now 
84,554,727. 
 
Shares will be admitted to AIM and dealings will commence at 8.00 am on 22nd 
June 2010. 
 
Any announcements relating to changes in the directors' shareholdings and those 
of other notifiable parties will be released tomorrow. 
 
 
 
Contacts 
 
Manx Financial Group PLC 
 
Denham Eke, Chief Executive 
Tel:  01624 694694 
 
Beaumont Cornish Limited 
Roland Cornish 
Tel:  0207 628 3396 
 
Britton Financial PR 
 
Tim Blackstone 
Tel  07957 140416 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEFBMFTMBATBMM 
 

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