Manx Financial Group PLC Grant of Restricted Share Units (2457E)

TIDMMFX

RNS Number : 2457E

Manx Financial Group PLC

27 October 2022

FOR IMMEDIATE RELEASE 9.00am 27 October 2022

Manx Financial Group PLC (the 'Company')

Grant of Restricted Share Units

Director's Dealing

Manx Financial Group PLC announces that on 27 October 2022, the Company granted Restricted Share Units ("RSUs") under its 2022 Restricted Share Unit Plan. This plan was considered and approved at the Company's 2022 Annual General Meeting.

The Company has issued a further 315,000 RSUs, with 150,000 being issued to the Company's Chief Executive Officer. Douglas Grant, and 165,000 to certain employees. The RSUs have a 2-year term and are subject to certain vesting conditions based upon an overall increase in profitability, both at the Group and company level, the satisfaction of individual performance targets and other metrics, including the achievement of additional sources of liquidity. Any RSUs granted will fall away should the recipient leave employment before the 2-year term expires. Should the individual vesting conditions be satisfied at the end of the term, the stock will be granted at nil cost.

As a result, the Company has now issued 2,435,000 RSUs in total which represents 2.1% of the issued share capital of the Company.

Details pursuant to the AIM disclosure and Market Abuse Regulations of the PDMR who received the RSUs are as follows:

-- Douglas Grant, a director of the Company, was issued a further 150,000 RSUs, bringing his total entitlement to 1,075,000. He currently owns 533,951 Ordinary Shares in the Company representing a holding of 0.46%. Including 700,000 Share Options issued 24 June 2014, he would hold a total of 2,308,951 Ordinary Shares on a fully diluted basis, being 1.95% of the new issued share capital of the Company.

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 
        Denham Eke,                  Biddle               Jamie Brownlee 
  Executive Vice Chairman      Tel +44 (0) 20 7628      Tel +44 (0) 203 307 
  Tel +44 (0)1624 694694              3396                     5726

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUNVNRUAURUAA

(END) Dow Jones Newswires

October 27, 2022 04:00 ET (08:00 GMT)

Manx Financial (LSE:MFX)
過去株価チャート
から 12 2024 まで 1 2025