Manx Financial Group - Dividend Scheme Announced

Manx Financial Group - Dividend Scheme Announced

Conister Bank’s parent company Manx Financial Group PLC - Isle of Man-based financial services firm - Announces plans for the inaugural dividend. Outlines a dividend scheme meaning eligible shareholders can elect to be issued new shares or get a cash payout. Dividend amount to be based on post-tax profit for the year ending 2020.

The script option will enable eligible shareholders to increase their holding in the company in a simple, cost-effective way, by receiving new shares instead of cash. This will also allow the company to retain the cash in the business that would otherwise be paid as a dividend, aiding further growth.