6 Apr 2017 08:34
6 April 2017
Private & Commercial Finance Group plc
("PCFG", the "Company" or the "Group")
Director Dealing
The Company was informed 5 April 2017 that on 5 April 2017, Timothy Franklin, Non-executive Chairman of the Company purchased 42,810 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 28.0 pence per Ordinary Share.
Following this transaction, Mr Franklin's beneficial ownership is 42,810 Ordinary Shares, representing approximately 0.03 per cent. of PCFG's issued ordinary share capital.
- end -
For further information, please contact:
Private & Commercial Finance Group Scott Maybury, Chief Executive Officer Robert Murray, Managing Director David Bull, Finance Director
|
| Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Jos Simson / Niall Walsh
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| Tel: +44 (0) 20 7920 3150 |
Panmure Gordon (UK) Limited Atholl Tweedie / Adam James - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
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| Tel: +44 (0) 20 7886 2500 |
Stockdale Securities Robert Finlay / Richard Johnson - Corporate Finance Henry Willcocks - Corporate Broking
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| Tel: +44 (0) 20 7601 6100 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Timothy Franklin - Non-executive Chairman | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| See 1(a) above for position - classified as a PDMR of PCFG | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| Private & Commercial Finance Group plc
| ||||
b)
| LEI | 213800UDT5QE28AFU288 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument
| Ordinary shares of 5 pence each ("Ordinary Shares") | ||||
b) | Identification code
| GB0004189378 | ||||
c)
| Nature of the transaction
| Purchase of Ordinary Shares
| ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/a | ||||
e)
| Date of the transaction | 5 April 2017 | ||||
f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Name of authorised official of issuer responsible for making notification:
Robert Murray
Company Secretary to Private & Commercial Finance Group plc
About Private & Commercial Finance Group plc (www.pcfg.co.uk)
Established in 1994, Private & Commercial Finance Group plc is an AIM-quoted specialist bank which has two main operating divisions:
• Consumer Finance which provides finance for motor vehicles to consumers; and
• Business Finance which provides finance for vehicles, plant and equipment to SMEs.
The Group has a highly efficient and scalable business model, utilising its specially developed internet-based proposal system to service national networks of brokers and suppliers.
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) Number 596/2014) prior to its release as part of this announcement.