22 Jul 2019 16:05
22 July 2019
PCF Group plc
("PCF", the "Company" or the "Group")
Director Dealing
The Company was informed on 22 July 2019 that, Scott Maybury, a director, completed the purchase of 68,166 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 29.69 pence and the sale of the same number of 68,166 Ordinary Shares at a price of 28.76 pence to facilitate a NISA transfer.
Following these transactions, Mr Maybury's beneficial ownership remains unchanged at 1,717,653 Ordinary Shares, representing approximately 0.7 per cent of PCF's Ordinary Share capital.
- end -
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 (Joint Broker and Nominated Adviser) Atholl Tweedie / Joanna Langley - Corporate Finance James Stearns - Corporate Broking |
| Tel: +44 (0) 20 7886 2500 |
Shore Capital (Joint Broker) Robert Finlay / Richard Johnson - Corporate Finance Henry Willcocks - Corporate Broking |
|
Tel: +44 (0) 20 7601 6100 |
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
For media enquiries please contact media@pcf.bank
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 | Scott Maybury - Director | ||||||
2
| Reason for the notification | |||||||
a)
| Position/status
| See 1(a) above for position - classified as a PDMR of PCF | ||||||
b)
| Initial notification /Amendment
| Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a)
| Name
| PCF 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
| Sale and purchase of Ordinary Shares
| ||||||
d)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information - Aggregated volume - Price | 68,166 Ordinary Shares (sold) at 28.76 pence per Ordinary Share 68,166 Ordinary Shares (bought) at 29.69 pence per Ordinary Share
| ||||||
e)
| Date of the transaction | 22 July 2019 | ||||||
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 PCF Group plc