REG - Manx Financial Group - Statement regarding Media Comment

Manx FinancialAnnouncement

06/11/2018 15:30

RNS Number : 5327G
Manx Financial Group PLC
06 November 2018
 


FOR IMMEDIATE RELEASE                                              6 November 2018
 
 
Manx Financial Group PLC
(the "Group" or "MFG")
 
Statement re Media Comment
 
The Board of MFG notes the media article of 6 November 2018 regarding a possible sale by Mr Arron Banks of his 29.10% beneficial interest in the Group.
 
The Board confirms as follows:
 
1        that it has been informed by Mr Banks that he is exploring options in relation to his beneficial interest in the Group which may include the disposal of some or all of these holdings. The Group currently has no other information regarding such intention;
 
2        any acquisition of a shareholding of 10% or more in the Group requires regulatory approval from both the Isle of Man Financial Services Authority, and the United Kingdom Financial Conduct Authority; and
 
3        the Chairman of MFG, Mr Jim Mellon, has informed the Board that he has no intention of selling his 16.39% beneficial interest in the Group.
 
 
 
For further information: -
 
Manx Financial Group - http://www.mfg.im/
 
Contacts:
 
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
 
 
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
SPCEQLFBVFFLFBE