REG - Manx Financial Group - Issue of Shares pursuant to the Scrip Dividend

Manx FinancialAnnouncement

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RNS Number : 2799H  Manx Financial Group PLC  13 November 2025

FOR IMMEDIATE
RELEASE
13 November 2025

 

 

Manx Financial Group PLC

(the "Company")

 

Issue of New Ordinary Shares pursuant to the Scrip Dividend

and TVR

 

The Company announces that it has received valid Scrip Dividend elections from
shareholders resulting in a requirement to issue 1,162,469 New Ordinary Shares
("New Shares") at a price of 26.349 pence per share.

 

Jim Mellon and Dr Gregory Bailey, both Directors and significant shareholders
of the Company, have elected to be issued 214,983 and 178,156 New Shares of no
par value respectively, representing their partial Scrip Dividend
entitlements, thus maintaining their joint percentage holding under the
Concert Party whitewash waiver approved on 9 April 2020. Douglas Grant also a
Director of the Company, has elected to receive New Shares under the Scrip
Dividend as further set out in the table below.

 

Application has been made for the total of 1,162,469 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 20 November 2025.

 

TVR

 

Following the issue of the New Shares, the Company's issued share capital
consists of 120,878,226 Ordinary Shares of no-par value, with voting rights
("Ordinary Shares"). The Company does not hold any Ordinary Shares in
Treasury. Shareholders should therefore use 120,878,226 (being the Company's
issued share capital) 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 Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.

 

Directors' Dealings

 

The respective holdings of the Directors following the issue of New Shares
pursuant to the Scrip Dividend:

 

                     New Shares Issued  Total Number of Ordinary Shares Held  % of Issued Share Capital
 Jim Mellon (1)      214,983            22,354,357                            18.49%
 Gregory Bailey (2)  178,156            18,524,983                            15.33%
 Douglas Grant (3)   60,308             2,408,212                             1.96%

 

(1)     Burnbrae Limited holds 20,026,375 Ordinary Shares. Burnbrae
Limited is 100% beneficially owned by Jim Mellon. Denham Eke, Executive
Vice-Chairman of MFG, is also a director of Burnbrae Limited. Vidacos Nominees
Limited also holds 2,327,982 Ordinary Shares in trust for Jim Mellon.

(2)     Vidacos Nominees Limited holds 18,524,983 Ordinary Shares in trust
for Gregory Bailey.

(3)     Douglas Grant holds 2,408,212 Ordinary Shares in his SIPP.

 

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   Tavistock Communications Limited           Greentarget Limited
 Denham Eke                Roland Cornish/            Simon Hudson/                              Jamie Brownlee

                           James Biddle               Adam Baynes
 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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