Business
Issue of Shares pursuant to the Scrip Dividend
Manx Financial Group PLC will issue 1,162,469 new ordinary shares at 26.349 pence each to satisfy scrip dividend elections, with admission expected around November 20, 2025. Following this issuance, the company's total issued share capital will be 120,878,226 ordinary shares. Directors Jim Mellon and Gregory Bailey will receive 214,983 and 178,156 new shares respectively, maintaining their joint percentage holding, while Director Douglas Grant will receive 60,308 new shares. Disclaimer*
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 13 November 2025\n \n \nManx Financial Group PLC\n(the \"Company\")\n \nIssue of New Ordinary Shares pursuant to the Scrip Dividend\nand TVR\n \nThe Company announces that it has received valid Scrip Dividend elections from shareholders resulting in a requirement to issue 1,162,469 New Ordinary Shares (\"New Shares\") at a price of 26.349 pence per share.\n \nJim Mellon and Dr Gregory Bailey, both Directors and significant shareholders of the Company, have elected to be issued 214,983 and 178,156 New Shares of no par value respectively, representing their partial Scrip Dividend entitlements, thus maintaining their joint percentage holding under the Concert Party whitewash waiver approved on 9 April 2020. Douglas Grant also a Director of the Company, has elected to receive New Shares under the Scrip Dividend as further set out in the table below.\n \nApplication has been made for the total of 1,162,469 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 20 November 2025.\n \nTVR\n \nFollowing the issue of the New Shares, the Company's issued share capital consists of 120,878,226 Ordinary Shares of no-par value, with voting rights (\"Ordinary Shares\"). The Company does not hold any Ordinary Shares in Treasury. Shareholders should therefore use 120,878,226 (being the Company's issued share capital) 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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \nDirectors' Dealings\n \nThe respective holdings of the Directors following the issue of New Shares pursuant to the Scrip Dividend:\n \n\n\n\n\n\n\n\nNew Shares Issued\n\n\nTotal Number of Ordinary Shares Held\n\n\n% of Issued Share Capital\n\n\n\n\nJim Mellon 1\n\n\n214,983\n\n\n22,354,357\n\n\n18.49%\n\n\n\n\nGregory Bail...