REG - Manx Financial Group - Holding(s) in Company

Manx FinancialAnnouncement

13/01/2020 10:55

RNS Number : 5989Z
Manx Financial Group PLC
13 January 2020
 


FOR IMMEDIATE RELEASE                                                                         13th January 2020
 
 
Manx Financial Group PLC (the "Company")
 
Holding in Company
 
 
The Company has received the following TR-1 notifications set out below without amendment:
 
TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:


Manx Financial Group Plc




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-UK issuer


X




2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights


X




An acquisition or disposal of financial instruments








An event changing the breakdown of voting rights








Other (please specify)iii:








3. Details of person subject to the notification obligationiv




Name


ICS Risk Solutions Ltd




City and country of registered office (if applicable)








4. Full name of shareholder(s) (if different from 3.)v




Name


Rene Nominees (IOM) Limited




City and country of registered office (if applicable)


Douglas, Isle of Man




5. Date on which the threshold was crossed or reachedvi:


09/01/2020




6. Date on which issuer notified (DD/MM/YYYY):


10/01/2020




7. Total positions of person(s) subject to the notification obligation








% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights of issuervii




Resulting situation on the date on which threshold was crossed or reached


1.97%






1.97%


131,096,235




Position of previous notification (if
applicable)


4.14%






4.14%
















 



8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




IM00B28ZPX83






2,577,166






1.97%
















































SUBTOTAL 8. A


2,577,166


1.97%




 
 




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is
exercised/converted.


% of voting rights














































































SUBTOTAL 8. B 1












 
 




B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash
settlementxii


Number of voting rights


% of voting rights






























































































SUBTOTAL 8.B.2












 
 
 















 



9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii








Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)


X




Namexv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold




Arron Fraser Andrew Banks


21.26%






21.26%






















Somerset Bridge Group Limited


1.97%






1.97%




ICS Risk Solutions Limited


1.97%






1.97%




Rene Nominees (IOM) Limited A/C Pooled


1.97%






1.97%




















































































































































 
 
 
 




10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held














11. Additional informationxvi
















 



Place of completion


Bristol




Date of completion


10/01/2020



 
 
 
TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:


Manx Financial Group Plc




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-UK issuer


X




2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights


X




An acquisition or disposal of financial instruments








An event changing the breakdown of voting rights








Other (please specify)iii:








3. Details of person subject to the notification obligationiv




Name


Southern Rock Insurance Company Limited




City and country of registered office (if applicable)


Gibraltar




4. Full name of shareholder(s) (if different from 3.)v




Name


Rene Nominees (IOM) Limited




City and country of registered office (if applicable)


Douglas, Isle of Man




5. Date on which the threshold was crossed or reachedvi:


09/01/2020




6. Date on which issuer notified (DD/MM/YYYY):


10/01/2020




7. Total positions of person(s) subject to the notification obligation








% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights of issuervii




Resulting situation on the date on which threshold was crossed or reached


19.29%






19.29%


131,096,235




Position of previous notification (if
applicable)


20.05%






20.05%
















 



8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




IM00B28ZPX83






25,288,992






19.29%
















































SUBTOTAL 8. A


25,288,992


19.29%




 
 




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is
exercised/converted.


% of voting rights














































































SUBTOTAL 8. B 1












 
 




B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash
settlementxii


Number of voting rights


% of voting rights






























































































SUBTOTAL 8.B.2












 
 
 















 



 
 
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii








Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)


X




Namexv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold




Arron Fraser Andrew Banks


21.26%






21.26%






















Rock Holdings Limited


19.29%






19.29%




Southern Rock Holdings Ltd


19.29%






19.29%




Southern Rock Insurance Company Limited


19.29%






19.29%




Rene Nominees (IOM) Limited A/C Pooled


19.29%






19.29%








































































































































10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held














11. Additional informationxvi
















 



Place of completion


Gibraltar




Date of completion


10/01/2020



 
 
 



For further information, please contact:





Manx Financial Group PLC
Denham Eke, Chief Executive
Tel +44 (0)1624 694694
 





Beaumont Cornish Limited
Roland Cornish/James Biddle
Tel +44 (0) 20 7628 3396





 
Britton Financial PR
Tim Blackstone
Tel +44 (0) 7957 140416




 




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