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PCF Group Managing Director & Company Secretary Murray to retire

Thu, 04th Mar 2021 08:24

PCF Group PLC - parent of specialist bank PCF Bank Ltd - Says Robert Murray, who has spent more than 27 years in the roles of managing director and company secretary, will be retiring at the end of March. He will not seek re-election as a director at PCF's upcoming March 26 annual general meeting and will step down from both roles on that date. Garry Stran was recruited as chief operating officer designate in July 2020, and formally took over the role on Monday this week. PCF has submitted an application to the Financial Conduct Authority and the Prudential Regulation Authority for Stran to to assume COO responsibilities. Murray has agreed to stay with PCF in an advisory capacity.

Current stock price: 23.30 pence

Year-to-date change: down 22%

By Anna Farley; annafarley@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Ltd. All Rights Reserved.

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9 Nov 2022 20:42

TRADING UPDATES: PCF plans AIM exit; Harland & Wolff to refinance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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9 Nov 2022 11:19

AIM WINNERS & LOSERS: PCF and SourceBio plan AIM exit; Vela surges

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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9 Nov 2022 09:22

Lender PCF to withdraw from UK market after rescue fails

PCF will not recommence lending

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9 Nov 2022 08:57

LONDON MARKET OPEN: Stocks falter on China Covid fears; US vote eyed

(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index.

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5 Oct 2022 12:31

PCF Group suspends lending after Castle Trust pulls out of deal

(Alliance News) - PCF Group PLC on Wednesday said it will suspend "any new lending activities until further notice" after Castle Trust Capital PLC pulled out of an offer for the company on September 29.

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5 Oct 2022 10:51

PCF Group suspends all new lending activity

(Sharecast News) - Banking firm PCF Group announced the immediate suspension of all new lending activity on Wednesday, after Castle Trust Capital confirmed that it did not intend to make an offer for PCF.

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5 Oct 2022 10:51

PCF Group suspends all new lending activity

(Sharecast News) - Banking firm PCF Group announced the immediate suspension of all new lending activity on Wednesday, after Castle Trust Capital confirmed that it did not intend to make an offer for PCF.

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5 Oct 2022 10:30

AIM WINNERS & LOSERS: Serinus well disappoints; PCF tumbles

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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30 Sep 2022 06:57

IN BRIEF: Castle Trust pulls out of deal for PCF Group

PCF Group - London-based specialist bank - Castle Trust Capital PLC confirms that it does not intend to make an offer for PCF Group. PCF Group has been in talks with Castle Trust, a London-based bank offering savings accounts and mortgage lending, about a possible all-share takeover. On Tuesday PCF Group had granted an extension to the put-up-or-shut-up deadline a third time, making it October 25.

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27 Sep 2022 22:07

TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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20 Sep 2022 20:50

TRADING UPDATES: Gaming Realms, Northcoders revenue up; Boku wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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23 Aug 2022 19:16

IN BRIEF: PCF Group says Castle Trust handed offer deadline extension

PCF Group PLC - London-based specialist bank - Grants another extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC. Deadline extended to close of play on September 20. PCF has been in talks with Castle Trust about a possible all-share takeover. "The discussions are continuing to progress and agreement has been reached in principle on most of the key commercial terms of the possible offer," PCF said in July.

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18 Aug 2022 12:10

IN BRIEF: PCF signs debt sale framework agreement with Azzurro

PCF Group PLC - London-based specialist bank - Enters a debt sale framework agreement with Azzurro Associates Ltd. Under the agreement, which is valid for 36 months, PCF will be obliged to offer to sell to Azzurro for cash consideration defaulted receivables on a "right of first offer" basis. PCF adds that it has agreed on its first sale under this contract of defaulted receivables for net proceeds of GBP400,000 cash. The carrying value of this loan book was GBP310,000 on Wednesday.

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26 Jul 2022 13:49

IN BRIEF: Agreement in principle reached on Castle Trust bid for PCF

PCF Group PLC - London-based specialist bank - Grants a second extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC, amid a tentative agreement on a takeover offer of PCF. Late last month, PCF agreed to extend the deadline for a formal offer to July 26, and on Tuesday it says this will be extended again to August 23. PCF has been in talks with Castle Trust about a possible all-share takeover. "The discussions are continuing to progress and agreement has been reached in principle on most of the key commercial terms of the possible offer," PCF says. Castle Trust is a London-based bank, offering savings accounts and mortgage lending.

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