Business
Issue of Shares pursuant to Scrip Dividend & TVR
Issue of Shares pursuant to Scrip Dividend & TVR.
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 12 July 2023\n \n \nManx Financial Group PLC (the \"Group\")\n \nIssue of Ordinary Shares pursuant to the Scrip Dividend\nand Total Voting Rights\n \nFurther to the announcement made on 30th May 2023 in relation to the Scrip Dividend, the Group announces that it has received valid elections from shareholders resulting in a requirement to issue 418,993 New Ordinary Shares (\"New Shares\") at a price of 21.8974 pence per share.\n \nJim Mellon and Dr Gregory Bailey, both Directors and significant shareholders of the Group, have elected to be issued 78,900 and 65,384 Ordinary Shares of no par value (\"Ordinary Shares\") respectively at a price of 21.8974 pence per share representing their partial Script Dividend entitlements, thus maintaining their joint percentage holding under the Concert Party whitewash waiver approved on 9th April 2020. Douglas Grant and Alan Clarke, also Directors of the Group, have elected to receive Ordinary Shares under the Scrip Dividend as further set out in the table below.\n \nApplication has been made for the total of 418,993 New Shares to satisfy the Scrip Dividend exercise, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected on or around 19th July 2023.\n \nFollowing the issue of the New Shares and Additional Allotment, the Company's issued share capital consists of 115,491,981 Ordinary Shares of no-par value, with voting rights (\"Ordinary Shares\"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 115,491,981.\n \nDirectors' Dealings\n \nThe respective holdings of the Directors following the issue of ordinary shares pursuant to the Scrip Dividend:\n \n\n\n\n\n\n\nScrip Shares Issued\n\n\nTotal number of shares held\n\n\n% of Issued Capital\n\n\n\n\nJim Mellon 1\n\n\n78,900\n\n\n21,748,214\n\n\n18.83\n\n\n\n\nGregory Bailey 2\n\n\n65,384\n\n\n18,022,674\n\n\n15.61\n\n\n\...