Director/PDMR Shareholding -

RNS Number : 0859H

Conister Financial Group plc

30 October 2008

 

The following announcement replaces the replacement announcement made with RNS Number 6753G at 16.05 24 October 2008. That announcement stated that:

i) the purchase of 50,000 shares on 14 October 2008 at 40p on behalf of Mr Arron F A Banks by Southern Rock Insurance Company Limited and this should have been the purchase by  Rene Nominees (IOM) Limited on trust for Southern Rock Insurance Company Limited instead. 

ii) the purchase of 100,000 shares on 16 October 2008 at 45p on behalf of Mr Arron F A Banks by Rene Nominees (IOM) Limited and this should have been the purchase by Rene Nominees (IOM) Limited on trust for Southern Rock Insurance Company Limited instead. 

FOR IMMEDIATE RELEASE                        30th October 2008

Conister Financial Group plc (the 'Company')

Director's Share Dealing

The Company was informed on 15th October 2008 that Rene Nominees (I.O.M) Limited on trust for Southern Rock Insurance Company Limited purchased 50,000 Ordinary Shares of 25p each in the Company ('Ordinary Shares') at 40p per share on 14th October 2008. Mr Arron F A Banks, Chief Executive Officer and Director of the Company is beneficially interested in 37.5 per cent. of the issued share capital of Southern Rock Insurance Company Limited.

Further the Company was informed on 16 October that 100,000 Ordinary Shares were bought by Rene Nominees (IOM) limited on trust for Southern Rock Insurance Company Limited on 16 October 2008 at a price of 45p per share. 

As a result the total holding of Ordinary Shares of Rene Nominees (IOM) Limited on trust for Southern Rock Insurance Company Limited is 150,000.

In addition Mr Jim Mellon, Chairman and Director of the Company purchased 50,000 Ordinary Shares of 25p each in his own name at 40p per share on 14th October 2008 and a further 20,000 Ordinary Shares in his own name at 46.78p per share on 15th October 2008.

Mr Arron F A Banks is beneficially interested in 51 per cent of the issued share capital of Rock Holdings Limited.  The total Ordinary Shares held by STM Fidecs Nominees Limited on trust for Rock Holdings Limited is 7,278,645 representing 11.48% of the issued ordinary share capital of the Company.  

STM Fidecs Nominees Limited holds on trust for Southern Rock Insurance Company Limited 611,000 Ordinary Shares representing 0.96% of the issued ordinary share capital of the Company.

Rene Nominees (IOM) Limited on trust for Mr Arron F A Banks holds 25,000 Ordinary Shares, representing 0.04% of the issued ordinary share capital of the Company.

The total Ordinary Shares in which Mr Arron F A Banks has a beneficial interest in is 8,064,645 representing 12.72% of the issued ordinary share capital of the Company.

Mr Jim Mellon is the beneficial owner of Burnbrae Limited which holds 12,000,000 Ordinary Shares representing 18.92% of the issued ordinary share capital of the Company.

The total Ordinary Shares in which Mr Jim Mellon has a beneficial interest in is 12,070,000 representing 19.03% of the issued ordinary share capital of the Company.   

For further information, please contact:
Conister Financial Group plc Mr Arron F A Banks / Mr Chris Johnstone  Tel [phone]
Beaumont Cornish Limited Mr Roland Cornish  Tel [phone]

 

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