REG - Manx Financial Group - Exercise of RSU's, Issue of Equity and TVR

Manx FinancialAnnouncement

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RNS Number : 6192L  Manx Financial Group PLC  16 December 2025

 

 

 

FOR IMMEDIATE
RELEASE
                        16 December2025

 

Manx Financial Group PLC (the "Company")

Exercise of Restricted Stock Units, Issue of Equity and TVR

 

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 following the satisfaction of the vesting criteria, it has
received and accepted requests to exercise Restricted Stock Units over
2,072,500 ordinary shares of no par value ("New Ordinary Shares") at nil cost
in the Company.

 

Douglas Grant and James Smeed, Directors of the Company, have elected to be
issued with 850,000 and 300,000 New Ordinary Shares of no par value
respectively at nil cost. Haseeb Qureshi, a Person Discharging Managerial
Responsibilities ("PDMR") within the Company has elected to be issued 300,000
New Ordinary Shares of no par value at nil cost.

 

The Restricted Stock Units were granted on 29 November 2023 (see announcement
of 5 December 2023) and are due to lapse on 29 November 2033.

 

Following Admission (as defined below), the resultant interests in the Company
for Douglas Grant, James Smeed and Haseeb Qureshi will be as follows:

 

 Director/PDMR   Date of transaction  Number of shares purchased via Option exercise  Purchase price  Total shares held  Percentage of issued share capital
 Douglas Grant   23 December 2025     850,000                                         nil             3,258,212          2.65%
 Haseeb Qureshi  23 December 2025     300,000                                         nil             500,000            0.41%
 James Smeed     23 December 2025     300,000                                         nil             500,000            0.41%

 

Application has been made to the London Stock Exchange for the 2,027,500 New
Ordinary Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will become effective and trading will commence on 23
December 2025.

TVR

Following the issue of the New Ordinary Shares and Allotment, the Company's
issued share capital will consist of 122,950,726 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 will be 122,950,726.

 

The figure of 122,950,726 Ordinary Shares may be used by shareholders in the
Company from the date of admission 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 shares of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES 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, VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

For further information, please contact:

 Manx Financial Group PLC  Beaumont Cornish Limited   Shore Capital           Tavistock Communications Limited

                                                      Markets
 Denham Eke                Roland Cornish/            Toby Gibbs /            Simon Hudson/

                           James Biddle               Oliver Jackson          Adam Baynes
 Tel: +44 (0) 1624 694694  Tel: +44 (0) 20 7628 3396  Tel: +44 207 7408 4090  Tel: +44 207 920 3150 mfg@tavistock.co.uk

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

 

     1.      Details of the person discharging managerial responsibilities/person closely
             associated
         a)  Name                                                         Douglas Grant

     2.      Reason for the notification
         a)  Position/status                                              CEO
         b)  Initial notification/Amendment                               Initial Notification

     3.      Details of the issuer, emission allowance market participant, auction
             platform, auctioneer or auction monitor
         a)  Name                                                         Manx Financial Group PLC
         b)  LEI                                                          213800R151BAZRATR333

     4.      Details of the transaction(s): section to be repeated for (i) each type of
             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
             place where transactions have been conducted
         a)  Description of the financial instrument, type of instrument  Ordinary Shares of no par value
         b)  Identification code                                          IM00B28ZPX83
         c)  Nature of the transaction                                    Exercise of 850,000 Restricted Stock Units

 1.          Details of the person discharging managerial responsibilities/person closely
             associated
         a)  Name                                                         James Smeed

 2.          Reason for the notification
         a)  Position/status                                              Group Financial Director
         b)  Initial notification/Amendment                               Initial Notification

 3.          Details of the issuer, emission allowance market participant, auction
             platform, auctioneer or auction monitor
         a)  Name                                                         Manx Financial Group PLC
         b)  LEI                                                          213800R151BAZRATR333

 4.          Details of the transaction(s): section to be repeated for (i) each type of
             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
             place where transactions have been conducted
         a)  Description of the financial instrument, type of instrument  Ordinary Shares of no par value
         b)  Identification code                                          IM00B28ZPX83
         c)  Nature of the transaction                                    Exercise of 300,000 Restricted Stock Units

     1.      Details of the person discharging managerial responsibilities/person closely
             associated
         a)  Name                                                         Haseeb Qureshi

     2.      Reason for the notification
         a)  Position/status                                              PDMR
         b)  Initial notification/Amendment                               Initial notification

     3.      Details of the issuer, emission allowance market participant, auction
             platform, auctioneer or auction monitor
         a)  Name                                                         Manx Financial Group PLC
         b)  LEI                                                          213800R151BAZRATR333

     4.      Details of the transaction(s): section to be repeated for (i) each type of
             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
             place where transactions have been conducted
         a)  Description of the financial instrument, type of instrument  Ordinary Shares of no par value
         b)  Identification code                                          IM00B28ZPX83
         c)  Nature of the transaction                                    Exercise of 300,000 Restricted Stock Units

 

 

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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