4 Apr 2013 11:32
PCF.L/Index: AIM/Sector: Speciality & other finance
4th April 2013
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 19,070 6% Convertible Unsecured Loan Notes 2016 at a conversion price of 8 ½ p per share. The conversion will result in the issue of 224,352 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 10th April 2013.
Following the admission of the New Shares to trading on AIM, there will be 52,955,503 ordinary shares of 5p and 5,910,930 6% Convertible Unsecured Loan Notes in issue.
Enquiries:
Private & Commercial Finance Group plc | 020 7222 2426 |
Robert Murray, Company Secretary |
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Westhouse Securities Limited | 020 7601 6100 |
Richard Baty |
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Notes to Editors:
Private & Commercial Finance Group plc, 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.