Last checked at 22 May 2008 11:13
FOR IMMEDIATE RELEASE 22 May 2008
Conister Financial Group plc (the 'Company')
Directors Shareholding
The Company announced in its RNS dated 24 January 2008 the following:
"The Company was informed on 23 January 2008 that as at the close of business on the 18 January 2008 6,508,645 ordinary shares of 25p each in the Company ('Ordinary Shares') held by STM Fidecs Nominees Limited on trust for Rock Holdings Limited, in which Mr Arron FA Banks has a beneficial interest in by virtue of his beneficial holding of 51 per cent. of the issued share capital of Rock Holdings Limited, were transferred for 80.5pence each to STM Fidecs Nominees Limited on trust for Southern Rock Insurance Company Limited. Mr Arron FA Banks is beneficially interested in 37.5 per cent. of the issued share capital of Southern Rock Insurance Company Limited."
The Company was informed on 20 May 2008 that conditions attached to the transfer referred to above had not been met and it did not therefore complete. The total beneficial interest that Mr Arron FA Banks has in the Company is unaffected by this , however the analysis of it is revised to be as follows: The total Ordinary Shares held by STM Fidecs Nominees Limited on trust for Rock Holdings Limited is now 6,928,645 representing 13.66 per cent. of the issued ordinary share capital of the Company. Mr Arron FA Banks is beneficially interested in 51 per cent. of the issued share capital of Rock Holdings Limited.
Mr Arron FA Banks is also beneficially interested in 37.5 per cent. of the issued share capital of Southern Rock Insurance Company Limited which holds 215,000 Ordinary Shares in its own name, with an additional 396,000 Ordinary Shares held by STM Fidecs Nominees Limited on trust for Southern Rock Insurance Company Limited. The aggregate of these holdings 611,000 Ordinary Shares represents 1.20 per cent. of the issued ordinary share capital of the Company.
The total Ordinary Shares in which Arron FA Banks has a beneficial interest in is 7,539,645 representing 14.86 per cent. of the issued ordinary share capital of the Company.
Enquiries
| For further information, please contact: | |
| Conister Financial Group plc Arron Banks / Chris Johnstone Tel 07918 608480 | |
| Beaumont Cornish Limited Roland Cornish Tel +44 (0) 20 7628 3396 |