Manx Financial Group PLC Result of AGM & Dividend Declaration (7920M)

TIDMMFX

RNS Number : 7920M

Manx Financial Group PLC

25 May 2022

FOR IMMEDIATE RELEASE 25(th) May 2022

Manx Financial Group PLC (the "Company")

Result of Annual General Meeting ("AGM")

Dividend Declaration

The Company is pleased to announce that at the AGM held today all resolutions tabled were duly passed.

As a consequence, the Company is pleased to announce a dividend of 0.2443 pence per Ordinary Share for the period from 1(st) January 2021 to 31(st) December 2021, calculated as being 10% of the profit after tax available to Shareholders. The dividend will be paid on 23(rd) June 2022 to holders of Ordinary Shares recorded on the register on 6(th) June 2022.

The Company is also offering a Scrip Dividend Scheme under which Shareholders may elect to receive New Ordinary Shares in lieu of the cash dividend ("Scrip Shares"). The price of a New Ordinary Shares to be issued under the Scrip Dividend Scheme will be calculated taking the lowest daily Volume Weighted Average Price ("VWAP") derived from the Daily Official List of the London Stock Exchange plc during the period of twenty dealing days prior to (and including) the Ex-Dividend Date (capped at 20% discount to the VWAP of Ordinary Shares on the Ex-Dividend Date).

A Scrip Dividend Circular will be posted to all Shareholders on 30(th) May 2022 in respect of the financial year ended 31(st) December 2021 and will be available from that date on the Company's website ( www.mfg.im/investor-centre/aim-rule-26 - Circulars Section).

The reference price for the Scrip Shares will be calculated and published on or around 9(th) June 2022. Admission of the Scrip Shares to trading on AIM is anticipated to be 23(rd) June 2022.

Shareholders will receive the dividend in cash unless they have completed the Scrip Dividend Mandate (for holders of Ordinary Shares in certificated form) or a CREST Dividend Election Input Message (for holders of Ordinary Shares in CREST only).

Expected timetable:

 
       Shares quoted ex-dividend           1(st) June 2022 
 
       Record date for dividend            6(th) June 2022 
 
       Scrip Price Announcement            9(th) June 2022 
 
       Final time and date for receipt     5.00 p.m. London time on 13(th) 
        of Scrip Dividend Mandates and      June 2022 
        submission of CREST elections 
 
       Dividend Payment                    23(rd) June 2022 
 
       CREST stock account credited        23(rd) June 2022 
        with new Ordinary Shares 
 
        Admission of the Scrip Shares      23(rd) June 2022 
         to trading on AIM

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

For further information, please contact:

 
     Manx Financial Group       Beaumont Cornish Limited    Greentarget Limited 
              PLC                 Roland Cornish/James      Dafina Grapci-Penney 
  Denham Eke, Chief Executive            Biddle             Tel: +44 (0) 203 963 
   Tel: +44 (0) 1624 694694       Tel: +44 (0) 20 7628              1887 
                                          3396

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May 25, 2022 07:16 ET (11:16 GMT)

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