REG - Manx Financial Group - Result of AGM & Dividend Declaration

Manx FinancialAnnouncement

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RNS Number : 5558Z  Manx Financial Group PLC  16 September 2025

FOR IMMEDIATE RELEASE
                              16 September 2025

 

 

Manx Financial Group PLC (the "Company")

Result of Annual General Meeting ("AGM")

Dividend Declaration

 

 

The Company is pleased to announce that at the AGM held today all resolutions
tabled were duly passed.

 

As announced in the 2025 AGM notice, Alan Clarke, a Non-Executive Director of
the Company and Chairman of the both the Group Audit, Risk and Compliance
Committee and Remuneration Committee, retired at the conclusion of today's
meeting.

 

The Company is pleased to announce a dividend of 0.6768 pence per Ordinary
Share for the period from 1 January 2024 to 31 December 2024, calculated as
being 10% of the profit after tax available to Shareholders.  The dividend
will be paid on 20 November 2025 to holders of Ordinary Shares recorded on the
register on 10 October 2025.

 

The Company is also offering a Scrip Dividend Scheme under which Shareholders
may elect to receive New Ordinary Shares in lieu of all or part of the cash
dividend ("Scrip Shares").  The price of the New Shares to be issued under
the Scrip Dividend Scheme will be calculated taking the lowest daily Volume
Weighted Average Price ("VWAP") derived from the Daily Official List of the
London Stock Exchange plc during the period of twenty dealing days prior to
(and including) the Ex-Dividend Date (capped at 20% discount to the VWAP of
Ordinary Shares on the Ex-Dividend Date).

 

A Scrip Dividend Circular will be posted to all Shareholders on 1 October 2025
in respect of the financial year ended 31(st) December 2024 and will be
available from that date on the Company's website (www.mfg.im
(http://www.mfg.im) ).

 

The reference price for the Scrip Shares will be calculated and published on
or around 17 October 2025. Admission of the Scrip Shares to trading on AIM is
anticipated to be 20 November 2025.

 

Shareholders will receive the dividend in cash unless they have completed the
Scrip Dividend Mandate (for holders of Ordinary Shares in certificated form)
or a CREST Dividend Election Input Message (for holders of Ordinary Shares in
CREST only).

 

Expected timetable:

 

 Shares quoted ex-dividend                                                     9 October 2025

 Record date for dividend                                                      10 October 2025

 Scrip Price Announcement                                                      17 October 2025

 Final time and date for receipt of Scrip Dividend Mandates and submission of  5.00 p.m. London time on 27 October 2025
 CREST elections

 Dividend Payment                                                              20 November 2025

 CREST stock account credited with new Ordinary Shares                         20 November 2025

 Admission of the Scrip Shares to trading on AIM                               20 November 2025

 

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               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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