Extension of the Open Offer

RNS Number : 5583M

Manx Financial Group PLC

26 May 2010

 



                                                                                      26th May 2010

Manx Financial Group PLC (the 'Company')

Open Offer of up to 21,138,817 New Ordinary Shares at 9p per share on the basis of 1 New Ordinary Share for every 3 Existing Ordinary Shares

The Company has just been informed that due to an administrative failure by the Company's Registrars, Computershare Investor Services PLC, a significant number of shareholders, whose shares are held in CREST, have not received the Open Offer documentation dated 14th May 2010 in good time.  Accordingly, in order to ensure that a reasonable notice period is given to all shareholders to consider the terms of the Open Offer, the Company has decided to extend the General Offer by two weeks.  The revised timetable is as follows:

Record Date		Close of business on 10 May 2010
Publication of the document		14 May 2010
Shares marked ex-entitlement to participate in the Offer		14 May 2010
Open Offer Entitlements (and any excess to the Open Offer Entitlements) credited to stock accounts in CREST of Eligible CREST Shareholders		17 May 2010
Recommended latest time for requesting withdrawal of Open Offer Entitlements (and any excess to the Open Offer Entitlements) from CREST		4.30 p.m. on 14 June 2010
Latest time and date for depositing Open Offer Entitlements and (and any excess to the Open Offer Entitlements) into CREST		11.00 a.m. on 15 June 2010
Latest time and date for splitting Application Forms (to satisfy bona fide market claims only)		3.00 p.m. on 16 June 2010
Latest time and date for the settlement of relevant CREST instruction and payment in full under the Open Offer		11.00 a.m. on 18 June 2010
Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer		11.00 a.m. on 18 June 2010
Admission effective and dealings commence on AIM		8.00 a.m. on 22 June 2010
Crediting of Offer Shares to CREST accounts		By 8.00 a.m. on 22 June 2010
Despatch of definitive certificates for Offer Shares		On or around 30 June 2010

A copy of this announcement is available from the Company's website, www.mfg.im.

For further information, please contact:

Manx Financial Group plc Denham Eke Tel [phone]

Beaumont Cornish Limited Roland Cornish Tel [phone]

Britton Financial PR Tim Blackstone Tel [phone]

 

END

 

 

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