30 sep 25   manx financial group - loan agreement extensions manx financial group plc | mfx | 31.0 -0.50 (-1.6%) | mkt cap: 37.1m    rns number : 3001b manx financial group plc 30 september 2025   for immediate release                                                                       30 september 2025   manx financial group plc (the "company") loan agreement extensions manx financial group plc has extended two unsecured loan agreements totaling £2.0 million for an additional five years to help support the regulatory capital requirements for conister bank limited under isle of man banking regulations. the two loans of £1.0 million from burnbrae limited and culminant reinsurance limited respectively were originally issued and announced on 15 october 2020 and have been renewed on arms-length standard commercial terms with an increased annual interest rate of 8%, up from 6%, while all other terms remain unchanged. the loans are unsecured and repayable by the company at any time during the period. both loans are related party transactions as directors jim mellon and denham eke are connected to burnbrae limited, and fellow director greg bailey is connected to culminant reinsurance limited. independent directors, excluding these individuals, negotiated the renewals. after consulting the company's nominated adviser, the independent directors, being douglas grant, james smeed, john spellman and greg jones, concluded that the loan terms are fair and reasonable for shareholders, considering the necessity of preserving regulatory capital funding and the practicality and expense of alternative financing options. 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. for further information, please contact: manx financial group plc beaumont cornish limited tavistock communications limited greentarget limited denham eke roland cornish/ james biddle simon hudson/ adam baynes jamie brownlee tel: +44 (0) 1624 694694 tel: +44 (0) 20 7628 3396 tel: +44 207 920 3150 mfg@tavistock.co.uk tel: +44 (0) 20 3307 5726   nominated adviser beaumont cornish limited ("beaumont cornish") is the company's nominated adviser and is authorised and regulated by the fca. beaumont cornish's responsibilities as the company's nominated adviser, including a responsibility to advise and guide the company on its responsibilities under the aim rules for companies and aim rules for nominated advisers, are owed solely to the london stock exchange. beaumont cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of beaumont cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.   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   mscvklfleklxbbv return to news summary

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