FOR IMMEDIATE RELEASE 16th 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) Ltd on trust for Mr Arron F A Banks, Chief Executive Officer and Director of the Company purchased 50,000 Ordinary Shares of 25p each at 40p per share on 14th October 2008. A further 100,000 shares were bought by Mr Banks today at a price of 45p per share. As a result his total holding with Rene Nominees is 175,000 shares.
In addition Mr Jim Mellon, Chairman and Director of the Company purchased 50,000 Ordinary Shares of 25p each in the Company in his own name at 40p per share on 14th October 2008 and a further 20,000 Ordinary Shares of 25p each in the Company in his own name at 46.78p per share on 15th October 2008.
Mr Arron F A Banks is also 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.
In addition Mr Arron F A Banks is beneficially interested in 37.5 per cent. of the issued share capital of Southern Rock Insurance Company Limited. 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.
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 also the beneficial owner of Burnbrae Limited which holds 12,000,000 Ordinary Shares representing 18.9% 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% of the issued ordinary share capital of the Company.
For further information, please contact: |
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Conister Financial Group plc Mr Arron F A Banks / Mr Chris Johnstone Tel 07918 608480 |
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Beaumont Cornish Limited Mr Roland Cornish Tel +44 (0) 20 7628 3396 |
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