19 Jul 2019 07:00
19 July 2019
PCF Group plc
("PCF", the "Bank" or the "Group")
Change of Adviser
PCF Group plc, the AIM-listed specialist bank, announces the appointment of Shore Capital Stockbrokers Limited as its joint broker, with immediate effect. This follows the acquisition of Stockdale Securities Limited by Shore Capital Markets Limited.
For further information, please visit https://pcf.bank/ or contact:
PCF Group plc Scott Maybury, Chief Executive Officer Robert Murray, Managing Director David Bull, Finance Director |
|
Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Jos Simson / Simon Hudson / Edward Lee |
| Tel: +44 (0) 20 7920 3150 |
Panmure Gordon (UK) Limited Atholl Tweedie - Corporate Finance Charles Leigh-Pemberton - Corporate Broking |
|
Tel: +44 (0) 20 7886 2500 |
Shore Capital Robert Finlay / Richard Johnson - Corporate Finance Henry Willcocks - Corporate Broking |
|
Tel: +44 (0) 20 7408 4090 |
About PCF Group plc (www.pcf.bank)
Established in 1994, PCF Group plc is the AIM-listed parent of specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio significantly, targeting an initial portfolio of £350 million by 2020 and growing to a £750 million portfolio by 2022. The Group will retain its focus on portfolio quality, lending increasingly to the prime segment of its existing finance markets. The Group has also recently diversified its lending products and asset classes through acquisition and by setting up new organic operations.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:
• Business Finance which provides finance for vehicles, plant and equipment to SMEs;
• Consumer Finance which provides finance for motor vehicles to consumers;
• Azule Limited which provides finance to the broadcast and media industry; and
• Bridging Property Finance which provides loans to companies and sole traders investing in residential property