Manx Financial Group PLC Issue of Shares and Total Voting Rights (8514F)
30 5월 2013 - 3:00PM
UK Regulatory
TIDMMFX
RNS Number : 8514F
Manx Financial Group PLC
30 May 2013
FOR IMMEDIATE RELEASE Date: 30 May 2013
Manx Financial Group PLC (the 'Company')
Issue of Shares
Total Voting Rights
The Company announces that it will issue 12,500,000 new ordinary
shares in the Company (the "Ordinary Shares") following receipt of
a conversion notice from Southern Rock Insurance Company Limited,
the holder of GBP500,000 of convertible loan notes, which were
originally issued on 8 October 2012. The loan notes will be
converted at a price of 4 pence per share with effect from 31 May
2013.
Following the issue of the Ordinary Shares, the shares will be
allotted in the name of Rene Nominees (IOM) Limited. Application is
being made to AIM for the Ordinary Shares, which will rank pari
passu with the existing ordinary shares, to be admitted to trading
and the Company anticipates that this will take place on 3 June
2013.
Arron Banks has a beneficial interest in Southern Rock Insurance
Company Limited and thus the total number of ordinary shares in
which Mr Banks will be beneficially interested is 28,749,825,
representing 28.17% of the issued ordinary share capital of the
Company.
The Company's new total issued share capital will be 102,070,252
ordinary shares of no par value with voting rights. The Company
does not hold any ordinary shares in Treasury.
The figure of 102,070,252 ordinary shares may be used by
shareholders in the Company 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 share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
For further information, please
contact:
Manx Financial Group PLC
Denham Eke
Tel +44 (0) 1624 694694
Beaumont Cornish Limited
Roland Cornish/Felicity Geidt
Tel +44 (0) 20 7628 3396
Britton Financial PR
Tim Blackstone
Tel +44 (0) 7957 140416
This information is provided by RNS
The company news service from the London Stock Exchange
END
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