Business
New Shares issued pursuant to Scrip Dividend, TVR
New Shares issued pursuant to Scrip Dividend, TVR.
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n \n \n \n FOR IMMEDIATE RELEASE 17\n \n \n June 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Manx Financial Group PLC (the \"Group\")\n \n \n \n \n \n \n \n Issue of Ordinary Shares pursuant to the Scrip Dividend\n \n \n \n \n and Total Voting Rights\n \n \n \n \n \n \n \n \n \n Further to the announcement made on 25th May 2022 in relation to the Scrip Dividend, the Group announces that it has received valid elections from shareholders resulting in a requirement to issue 513,145 New Ordinary Shares (\"New Shares\") at a price of 8.025 pence per share.\n \n \n \n \n \n \n \n \n \n In addition, Jim Mellon and Dr Gregory Bailey, both Directors and significant shareholders of the Group, will be issued 146,664 and 121,540 Ordinary Shares of no par value (\"Ordinary Shares\") respectively at a price of 8.025 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 \n \n \n \n \n \n \n \n \n Application has been made for the total of 781,349 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 23rd June 2022.\n \n \n \n \n \n \n \n \n Following the issue of the New Shares and Additional Allotment, the Company's issued share capital consists of 115,072,988 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 115,072,988.\n \n \n \n \n \n \n Directors' Dealings\n \n \n \n \n \n \n The respective holdings of the Directors following the issue of ordinary shares pursuant to the Scrip Dividend:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Scrip Shares Issued\n \n \n \n \n \n \n Total number of shares held\n \n \n \n \n \n \n % of Issued Capital\n \n \n \n \n \n \n \n Jim Mellon \n \n 1\n \n \n \n \n \n 146,664\n \n \n \n \n 21,669,314\n \n \n \n \n 18.83\n \n \n \n \...