5 Oct 2010 09:03
PRIVATE & COMMERCIAL FINANCE GROUP PLC
CONVERSION OF LOAN NOTES
The Directors of Private & Commercial Finance Group ("PCFG" or the "Company") announce that they have received notification of the conversion of 7,429 8% Convertible Unsecured Loan Notes 2013 at a conversion price of 76p per share. The conversion will result in the issue of 9,774 new ordinary shares of 5p each ("New Shares"). Application will be made for the New Shares to be admitted to trading on AIM and it is expected that admission will take place on 8th October 2010.
Following the admission of the New Shares to trading on AIM, there will be 52,731,151 ordinary shares of 5p and 2,440,926 8% Convertible Unsecured Loan Notes in issue.
Enquiries:
| Private & Commercial Finance Group plc | 020 7222 2426 |
| Robert Murray, Company Secretary |
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| Securities Limited | 0113 246 2610 |
| Tim Feather / Matthew Johnson |
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Notes to Editors:
Private & Commercial Finance Group plc, which is authorised and regulated by the FSA, is a long established AIM-quoted finance house. The Group provides a carefully selected range of high quality equipment finance products tailored for both business and personal customers.
PCFG has two main operating divisions: Consumer Finance (finances cars for consumers) and Business Finance (finances vehicles, plant and equipment for SMEs). The Group has a highly efficient business model, utilising its specially developed internet-based proposal system to service a national network of brokers.