Manx Financial Group (MFX)

Sector:

Financials

Index:

FTSE AIM All-Share

 19.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 26.00
  • 52 Week Low: 15.00
  • Currency: UK Pounds
  • Shares Issued: 116.54m
  • Volume: 1,000
  • Market Cap: £22.73m

Manx Financial extends loan terms with Burnbrae, director

By Josh White

Date: Friday 22 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Manx Financial Group announced on Friday that Jim Mellon and Burnbrae have agreed to extend outstanding unsecured convertible loans of £1.7m, due to expire on 31 July, for a further five years to 31 July 2027.
The AIM-traded firm said a loan of £1.2m was from Burnbrae, and the remaining loan of £0.5m was from Mellon himself.

It said the new annual interest rate would be 7.5%, up from a previous 5.0%, and the new conversion price would be 8p per share, up from 7.5p.

"All other terms are unchanged, including the ability for the company to repay the loans at any time during the period," the board said in its statement.

At 1032 BST, shares in Manx Financial Group were flat at 8.5p.

Reporting by Josh White at Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MFX Market Data

Currency UK Pounds
Share Price 19.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 26.00
52 Week Low 15.00
Volume 1,000
Shares Issued 116.54m
Market Cap £22.73m

MFX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.92% above the market average90.92% above the market average90.92% above the market average90.92% above the market average90.92% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average
Price Trend
54.36% above the market average54.36% above the market average54.36% above the market average54.36% above the market average54.36% above the market average
48.28% above the sector average48.28% above the sector average48.28% above the sector average48.28% above the sector average48.28% above the sector average
Income
45.27% above the market average45.27% above the market average45.27% above the market average45.27% above the market average45.27% above the market average
30.30% above the sector average30.30% above the sector average30.30% above the sector average30.30% above the sector average30.30% above the sector average
Growth
18.86% below the market average18.86% below the market average18.86% below the market average18.86% below the market average18.86% below the market average
10.09% above the sector average10.09% above the sector average10.09% above the sector average10.09% above the sector average10.09% above the sector average

MFX Dividends

  Latest Previous
  Final Final
Ex-Div 16-May-24 15-Jun-23
Paid 24-Jun-24 19-Jul-23
Amount 0.46p 0.38p

Trades for 14-Jun-2024

Time Volume / Share Price
16:29 1,000 @ 19.50p

MFX Key Personnel

Chair James (Jim) Mellon
CEO Douglas Grant

Top of Page