29 Oct 2015 17:30
29 October 2015
Private & Commercial Finance Group plc
("PCFG", the "Company" or the "Group")
Director Shareholding
The Company was informed on 27 October 2015 that, on 30 September 2015, Nick Winks, Non-Executive Director, issued notice to convert 10,000 £1 nominal 6% Convertible Unsecured Loan Notes 2016 (the "2016 CULS") and subsequently was issued a total of 117,647 ordinary shares in the Company ("Ordinary Shares") in connection with the conversion of 2016 CULS announced by the Company on 2 October 2015. In accordance with the terms of the Conversion, the 2016 CULS had a conversion price of 8.5 pence per Ordinary Share.
Following this transfer, Mr Winks is interested in 117,647 Ordinary Shares, representing approximately 0.08 per cent. of PCFG's Ordinary Share capital.
For further information please contact:
Private & Commercial Finance Group Scott Maybury, Chief Executive Officer Robert Murray, Managing Director Zane Kerse, Finance Director
| Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Chris Munden / Niall Walsh
| Tel: +44 (0) 20 7920 3150 |
Panmure Gordon (UK) Limited Fred Walsh / Peter Steel / Atholl Tweedie
| Tel: +44 (0) 20 7886 2500 |
Westhouse Securities Henry Willcocks
| Tel: +44 (0) 20 7601 6100 |
About Private & Commercial Finance Group plc (www.pcfg.co.uk)
Established in 1994, Private & Commercial Finance Group plc is an AIM-quoted finance house 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.