REG - Manx Financial Group - CAM Wealth Group Limited – Update

Manx FinancialAnnouncement

24/07/2025 07:00

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RNS Number : 3174S  Manx Financial Group PLC  24 July 2025

 

 

 

FOR IMMEDIATE RELEASE
                                 24 July 2025

 

 

Manx Financial Group PLC

(the "Group")

 

CAM Wealth Group Limited - Change of Regulatory Permissions

 

Manx Financial Group PLC announces that CAM Wealth Group Limited ("CAM
Wealth"), a wholly owned subsidiary of the Group, has been granted regulatory
permission by the UK Financial Conduct Authority ("FCA") to sell and
distribute general insurance products within the United Kingdom.

 

This authorisation marks a significant milestone in the Group's strategic
growth enabling the Group to expand its service offering. The new insurance
arm, CAM Insurance Solutions, will operate as an integral part of the Group,
delivering tailored insurance solutions that will be utilised initially to
support its sister subsidiaries' one million retail customers and fifteen
thousand SMEs before being marketed externally.

 

Douglas Grant, the Group's CEO stated: "The expansion of FCA permissions
aligns with the broader vision of Manx Financial Group PLC to deliver a fully
integrated suite of financial services across the Isle of Man and the UK."

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

For further information, please contact:

 

 Manx Financial Group PLC  Beaumont Cornish Limited   Tavistock Communications Limited           Greentarget Limited
 Denham Eke                Roland Cornish/            Simon Hudson/                              Jamie Brownlee

                           James Biddle               Kuba Stawiski
 Tel: +44 (0) 1624 694694  Tel: +44 (0) 20 7628 3396  Tel: +44 207 920 3150 mfg@tavistock.co.uk  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.

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