Issue of Equity and Grant of Share Options


 

TIDMMFX 
 
RNS Number : 4193O 
Manx Financial Group PLC 
29 June 2010 
 

FOR IMMEDIATE RELEASE                                                     29 
June 2010 
 
 
                    Manx Financial Group PLC (the 'Company') 
 
                    Issue of Shares & Grant of Share Options 
 
 
Issue of Shares 
 
Manx Financial Group PLC announces that on 25th June 2010 a total of 239,269 new 
Ordinary Shares were issued to two Executive directors in lieu of salary.  The 
new shares have been issued in respect of 10% of directors' remuneration for 
June 2009 to June 2010 inclusive.  The volume weighted average issue price in 
respect of each director was 10.95p. 
 
This will take the total number of shares in issue to 84,793,996. 
 
Application has been made for 239,269 new Ordinary Shares to be admitted to 
trading on AIM. It is expected that Admission will become effective on 5 July 
2010.  The New Ordinary Shares will, following allotment, rank pari passu in all 
respects with the existing issued Ordinary Shares 
 
Mr Douglas Grant received 114,155 new shares.  As a result the total number of 
ordinary shares of the Company in which Mr Grant has a beneficial interest is 
580,821 representing 0.68% of the ordinary share capital of the Company. 
 
Mr Simon Hull received 125,114 new shares registered in the name of Barclays 
Nominees Ltd. 
 
Barclays Nominees Ltd now holds a total of 143,713 ordinary shares on trust for 
Mr Simon Hull and Mrs Christine Hull representing 0.17% of the issued ordinary 
share capital of the Company. 
 
In addition, Rene Nominees (IOM) Limited also holds 390,588 ordinary shares on 
behalf of The Silverlight Self Invested Personal Pension Scheme representing 
0.46% of the Ordinary Share Capital of the Company.  The Silverlight Self 
Invested Personal Pension Scheme is an irrevocable trust of which Mr Simon Hull, 
Director of the Company, is a member and beneficiary. 
 
The total ordinary shares in which Mr Hull has a beneficial interest in is 
534,301 representing 0.63% of the issued ordinary share capital of the Company. 
 
 
Grant of Options 
 
On 25th June 2010 the Company also granted share options over 1,410,447 Ordinary 
Shares of no par value, representing 1.66% of the new issued share capital of 
the Company.  The exercise price of the options is 10.95p and they are 
exercisable on certain performance criteria being met.  The grant comprised: 
 
o  375,342 share options for Mr Simon Hull, Director 
o  342,466 share options for Mr Douglas Grant, Director 
o  225,753 share options for Mr Nick Sheard, Director 
o  131,098 share options for Mr Simon Ripton, Head of Sales & Marketing 
o  107,478 share options for Mr Tim Bliss, Head of IT 
o  127,854 share options for Mr John Tottenham, Head of Card Operations 
o  100,457 share options for Mr Craig Allen, Head of Operations & Customer 
Services 
 
They were granted under the Manx Financial Group PLC Employee Share Option 
Scheme 2007 (as amended). 
 
 
 
 
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 
 
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