9 Apr 2020 16:41
9 April 2020
PCF Group plc
("PCF", the "Company" or the "Group")
Director Dealing
The Company was informed on 9 April 2020 that Marian Martin, a director, completed the purchase of 22,532 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 22.19 pence.
Following this transaction, Ms Martin's beneficial ownership is 37,303 Ordinary Shares, representing approximately 0.01 per cent of PCF's Ordinary Share capital.
- end -
For further information, please contact:
PCF Group plc Scott Maybury, Chief Executive Officer Robert Murray, Managing Director David Bull, Finance Director
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| Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Simon Hudson / Edward Lee/ Tim Pearson
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| Tel: +44 (0) 20 7920 3150 |
Panmure Gordon (Nominated Advisor and Joint Broker) Atholl Tweedie / Joanna Langley - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
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Tel: +44 (0) 20 7886 2500 |
Shore Capital (Joint Broker) Henry Willcocks - Corporate Broking
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| Tel: +44 (0) 20 7408 4080 |
About PCF Group plc (www.pcf.bank)
Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio significantly from £146 million to £395 million. The Group will retain its focus on portfolio quality and has the capability to lend increasingly to prime segments 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.
The Group has a track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technologically advanced platform, the Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.
For media enquiries please contact media@pcf.bank
Recently recorded video profiles of PCF's Bridging Finance, Azule Broadcast Equipment Finance, and Savings divisions are available at the Company's profile page on the London Stock Exchange website: https://profile.lsegissuerservices.com/PCFGroup/overview.
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 | Marian Martin - 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
| Purchase of Ordinary Shares
| ||||
d)
| Price(s) and volume(s) |
| ||||
e)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
f)
| Date of the transaction | 9 April 2020 | ||||
g)
| 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