Result of EGM and Total Voting Rights

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 AGAINST	%	VOTES TOTAL	% of TOTAL ELIGIBLE ISC VOTED	% of TOTAL ISC VOTED	VOTES WITHHELD
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 Cancellation	% of Post Buyback ISC
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 Denham Eke, Chief Executive Tel [phone]

Beaumont Cornish Limited Roland Cornish/James Biddle Tel [phone]

Britton Financial PR Tim Blackstone Tel [phone]

 ENDS

 

END

 

 

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