TIDMMFX

RNS Number : 3916J

Manx Financial Group PLC

09 April 2020

9 April 2020

Manx Financial Group Plc

("MFG" or the "Company")

Result of EGM and Total Voting Rights

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

In respect of Resolution 2, the voting was determined by a poll and the results were as follows: -

 
 
  RESOLUTION     VOTES FOR      %        VOTES        %     VOTES TOTAL    % of TOTAL     % of TOTAL       VOTES 
                                        AGAINST                           ELIGIBLE ISC    ISC VOTED       WITHHELD 
                                                                             VOTED 
--------------  -----------  ------  -------------  -----  ------------  -------------  -------------  ------------- 
 That the 
  waiver 
  granted by 
  the Panel on 
  Takeovers 
  and Mergers 
  is approved.   18,995,097   95.6%     881,227      4.4%   19,876,324       27.6%          15.2%          60,411 
                -----------  ------  -------------  -----  ------------  -------------  -------------  -------------

The Company has now cancelled 16,966,158 new ordinary shares of nil par value (the "Ordinary Shares") and cancellation of such Ordinary Shares trading on AIM is expected to take effect on 14 April 2020. As a consequence, and as at the date of this announcement, the Company's issued share capital now consists of 114,130,077 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.

Those shareholders with beneficial holdings of 3% or over of the issued share capital are listed below: -

 
 Name                                  Shareholding following the Share Buyback and Mandatory    % of Post Buyback ISC 
                                                            Cancellation 
 James Mellon                                                                       21,492,232                  18.83% 
                                      --------------------------------------------------------  ---------------------- 
 Gregory Bailey                                                                     17,835,750                  15.63% 
                                      --------------------------------------------------------  ---------------------- 
 Concert Party                                                                      39,327,982                  34.46% 
                                      --------------------------------------------------------  ---------------------- 
 Aeternitas Imperium Privatstiftung                                                 13,109,623                  11.49% 
                                      --------------------------------------------------------  ---------------------- 
 Lynchwood Nominees Limited                                                          9,673,385                   8.48% 
                                      --------------------------------------------------------  ---------------------- 
 Island Farms Limited                                                                4,222,319                   3.70% 
                                      --------------------------------------------------------  ---------------------- 
 Rock (Nominees) Limited                                                             3,955,868                   3.47% 
                                      --------------------------------------------------------  ---------------------- 
 Others                                                                             43,840,900                  38.40% 
                                      --------------------------------------------------------  ---------------------- 
 Total current ISC                                                                 114,130,077                 100.00% 
                                      --------------------------------------------------------  ----------------------

The figure of 114,130,077 Ordinary Shares may be used by shareholders in the Company 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 Guidance and Transparency Rules.

The Company also announces that, as detailed in the Circular dated 20 March 2020, John Banks ceases to be a director of the Company with immediate effect.

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. 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       Britton Financial PR 
  Denham Eke, Chief Executive    Roland Cornish/James Biddle    Tim Blackstone 
  Tel +44 (0)1624 694694         Tel +44 (0) 20 7628 3396       Tel +44 (0) 7957 140416

ENDS

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END

MSCMZGGDMLMGGZM

(END) Dow Jones Newswires

April 09, 2020 07:13 ET (11:13 GMT)

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