Manx Financial Group PLC Result of EGM and Dividend Declaration (4936E)
July 07 2021 - 7:05AM
UK Regulatory
TIDMMFX
RNS Number : 4936E
Manx Financial Group PLC
07 July 2021
FOR IMMEDIATE RELEASE 7th July 2021
Manx Financial Group PLC (the "Company")
Result of Extraordinary General Meeting ("EGM")
Dividend Declaration
The Company is pleased to announce that at the EGM held today
both resolutions tabled were duly passed.
As a consequence, the Company is pleased to announce a dividend
of 0.1724 pence per Ordinary Share for the period from 1(st)
January 2020 to 31(st) December 2020, calculated as being 10% of
the profit after tax available to Shareholders. The dividend will
be paid on 10(th) August 2021 to holders of Ordinary Shares
recorded on the register on 16(th) July 2021.
The Company is also offering a Scrip Dividend Scheme under which
Shareholders may elect to receive New Ordinary Shares in lieu of
the cash dividend ("Scrip Shares"). The price of a New Ordinary
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
9(th) July 2021 in respect of the financial year ended 31(st)
December 2020 and will be available from that date on the Company's
website ( www.mfg.im/investor-centre/aim-rule-26 - Circulars
Section).
The reference price for the Scrip Shares will be calculated and
published on or around 21(st) July 2021. Admission of the Scrip
Shares to trading on AIM is anticipated to be 10(th) August
2021.
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 15(th) July 2021
Record date for dividend 16(th) July 2021
Scrip Price Announcement 21(st) July 2021
Final time and date for receipt 5.00 p.m. London time on 30(th)
of Scrip Dividend Mandates and July 2021
submission of CREST elections
Dividend Payment 10(th) August 2021
CREST stock account credited 10(th) August 2021
with new Ordinary Shares
Admission of the Scrip Shares 10(th) August 2021
to trading on AIM
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 AND SUCH PERSONS SHALL THEREFORE CEASE TO
BE IN POSSESSION OF INSIDE INFORMATION.
For further information, please contact:
Manx Financial Group Beaumont Cornish Limited Greentarget Limited
PLC Roland Cornish/James Dafina Grapci-Penney
Denham Eke, Chief Executive Biddle Tel: +44 (0) 203 963
Tel: +44 (0) 1624 694694 Tel: +44 (0) 20 7628 1887
3396
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END
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