Business
Issue of Equity and Grant of
Issue of Equity and Grant of.
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n RNS Number : 4193O Manx Financial Group PLC 29 June 2010 \n \n\nFOR IMMEDIATE RELEASE 29 June 2010\n \n \nManx Financial Group PLC (the 'Company')\n \nIssue of Shares & Grant of Share Options\n \n \nIssue of Shares\n \nManx 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.\n \nThis will take the total number of shares in issue to 84,793,996.\n \nApplication 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\n \nMr 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.\n \nMr Simon Hull received 125,114 new shares registered in the name of Barclays Nominees Ltd.\n \nBarclays 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. \n \nIn 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. \n \nThe total ordinary shares in which Mr Hull has a beneficial interest in is 534,301 representing 0.63% of the issued ordina...