Statement regarding Media Comment

RNS Number : 5327G

Manx Financial Group PLC

06 November 2018

 

FOR IMMEDIATE RELEASE                                              6 November 2018

Manx Financial Group PLC

(the "Group" or "MFG")

Statement re Media Comment

The Board of MFG notes the media article of 6 November 2018 regarding a possible sale by Mr Arron Banks of his 29.10% beneficial interest in the Group.

The Board confirms as follows:

1        that it has been informed by Mr Banks that he is exploring options in relation to his beneficial interest in the Group which may include the disposal of some or all of these holdings. The Group currently has no other information regarding such intention;

2        any acquisition of a shareholding of 10% or more in the Group requires regulatory approval from both the Isle of Man Financial Services Authority, and the United Kingdom Financial Conduct Authority; and

3        the Chairman of MFG, Mr Jim Mellon, has informed the Board that he has no intention of selling his 16.39% beneficial interest in the Group.

For further information: -

Manx Financial Group - http://www.mfg.im/

Contacts:

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]

 

END

 

 

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