Business
Directors' Shareholdings and
Directors' Shareholdings and.
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n RNS Number : 0740O Manx Financial Group PLC 22 June 2010 \n \n\nFOR IMMEDIATE RELEASE 22 June 2010\n \nManx Financial Group PLC (the 'Company')\n \nDirectors' Shareholdings and Notifiable Interests\n \nThe Company announces the following dealings by Directors as part of the Open Offer that closed on 18 June 2010 (the 'Open Offer'). Set out are also the respective holdings, following the Open Offer, of the Director's and other notifiable holdings as follows:\n \nJim Mellon\n \nJim Mellon and a party connected to him subscribed for a total of 4,208,332 Ordinary Shares at 9p per Ordinary Share under the Open Offer.\n \nAs a result, the revised holdings are as follows:\n \nPershing Nominees Limited holds, on trust for Mr Jim Mellon, 166,666 Ordinary Shares representing 0.2% of the issued ordinary share capital of the Company.\n \nBurnbrae Limited, a company which is indirectly wholly owned by the trustee of a settlement under which Jim Mellon has a life interest, holds 16,000,000 Ordinary Shares representing 18.92% of the ordinary share capital of the Company. Mr Mellon also holds 666,000 Ordinary Shares representing 0.79% of the ordinary share capital of the Company in his own name.\n \nThe total Ordinary Shares in which Mr Jim Mellon has a direct and indirect beneficial interest is 16,833,332 representing 19.91% of the issued ordinary share capital of the Company. \n \nArron Banks\n \nArron Banks subscribed for a total of 4,167,680 Ordinary Shares at 9p per Ordinary Share under the Open Offer.\n \nAs a result, his revised holding is as follows:\n \nRene Nominees (IOM) Ltd on trust for Mr Banks holds 383,333 (350,000 held on behalf of his SIPP and 33,333 directly) representing 0.45% of the ordinary share capital of the Company.\n \nMr Banks is also beneficially interested in 51% of the issued share capital of Rock Holdings Ltd. The total Ordinary S...