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 01624 694694

 

Beaumont Cornish Limited

Roland Cornish

Tel +44 (0) 20 7628 3396

Britton Financial PR

Tim Blackstone

Tel 07957 140416

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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