FOR IMMEDIATE RELEASE 24 February 2025
Manx Financial Group PLC
("Group")
Conister Bank Limited to provide Isle of Man mortgages
Manx Financial Group PLC (AIM: MFX), the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, announces that its wholly owned subsidiary, Conister Bank Limited ("Conister"), has entered the Isle of Man retail mortgage market.
The retail mortgage market is one of the largest lending segments on the Isle of Man, currently standing at circa £3.0 billion, but it offers limited competition for customers. Conister now has the relevant licences and permissions to access this market and will begin sales from Monday, 24 February 2025.
Douglas Grant, Managing Director of Conister Bank said:
"This achieves another strategic objective in diversifying and delivering our growth plan for Isle of Man business. Mortgages are an important market on the Island, and one in which we have had no historic exposure. This initiative will not only allow customers a wider choice, but will also provide additional lending opportunities for Conister, complementing our existing bridging loan range and the general insurance and protection products provided by Edgewater Associates Limited, our sister company."
For further information, please contact:
|
Manx Financial Group PLC Denham Eke Executive Vice Chair Tel: +44 (0) 1624 694694 |
Beaumont Cornish Limited Roland Cornish/James Biddle Tel: +44 (0) 20 7628 3396 |
Greentarget Limited Jamie Brownlee Tel: +44 (0) 20 3307 5726 |
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.