Director's Share Dealings

RNS Number : 2314M

Manx Financial Group PLC

19 May 2010

 



FOR IMMEDIATE RELEASE                                                   19^th May 2010

Manx Financial Group PLC (the 'Company')

Director's Share Dealing

The Company was informed on 19^th May 2010 that Rene Nominees (IOM) Ltd on trust for Mr Arron Banks, Director of the Company purchased 50,000 Ordinary Shares in the Company at 9.25p per share on 17^th May 2010 and 100,000 Ordinary Shares in the Company at 9.00p per share on 19^th May 2010.  As a result of these purchases the total holding of Ordinary Shares held by Rene Nominees (IOM) Ltd on trust for Mr Banks is 175,000 representing 0.28% of the ordinary share capital of the Company.

Mr Banks is also beneficially interested in 51 per cent of the issued share capital of Rock Holdings Ltd.  The total Ordinary Shares held in the Company by STM Fidecs Nominees Ltd on trust for Rock Holdings Ltd is 5,278,645 representing 8.32% per cent. of the issued ordinary share capital of the Company. 

In addition, Mr Banks is beneficially interested in 37.5 per cent. of the issued share capital of Southern Rock Insurance Company Ltd.  STM Fidecs Nominees Ltd holds 2,611,000 Ordinary Shares in the Company on trust for Southern Rock Insurance Company Ltd representing 4.12% per cent. of the issued ordinary share capital of the Company.  Rene Nominees (IOM) Ltd holds on trust 740,000 Ordinary Shares in the Company for Southern Rock Insurance Company Ltd representing 1.17% of the ordinary share capital of the Company.

The total Ordinary Shares in which Mr Banks has a beneficial interest in is 8,704,645 representing 13.73% of the issued ordinary share capital of the Company.

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]

 

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