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7 Oct 2008 14:39
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PRIVATE & COMMERCIAL FINANCE GROUP PLC
CONVERSION OF LOAN NOTES
TheΒ Directors of Private & Commercial Finance Group ("PCFG" or the "Company")Β announceΒ that they have received notification of theΒ conversion ofΒ 40,488Β 8% ConvertibleΒ Unsecured Loan NotesΒ 2013Β at a conversion price of 76p per share. The conversion will resultΒ in the issue ofΒ 53,273Β new ordinary sharesΒ of 5p eachΒ ("New Shares"). Application will be made for theΒ NewΒ Shares to be admitted to trading on AIM and it is expected that admission will take place onΒ 10thΒ OctoberΒ 2008. Following the admission of the New Shares to AIM there will beΒ 28,569,366Β ordinary shares of 5p each in issue.
Enquiries:
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Private & Commercial Finance Group plc
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020 7222 2426
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Robert Murray, Company Secretary
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Hanson Westhouse Limited
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0113 246 2610
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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 fast growing AIM-listed 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 (financesΒ vehicles, plant and equipment for SME's). The Group hasΒ a highly efficient business model, utilising its specially developed internet-based proposal systemΒ to serviceΒ aΒ national network of brokers.Β This allows it to handle a large volume of proposalsΒ quicklyΒ and with low, scaleable costs.Β
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