9 Mar 2021 07:00
9 March 2021
PCF Group plc
("PCF", the "Bank" or the "Group")
Director's exercise of share options
PCF Group plc announces the following share transactions carried out by, Robert Murray, who is retiring and stepping down as a director on 26 March 2021.
Robert Murray has exercised the following options over 750,000 ordinary shares of 5 pence each ("New Ordinary Shares") in the Company (the "Options"):
· 250,000 ordinary shares granted on 3 December 2013 at an exercise price of 8.5 pence per share for a consideration of £21,250
· 250,000 ordinary shares granted on 10 June 2014 at an exercise price of 9.625 pence per share for a consideration of £24,062.50.
· 250,000 ordinary shares granted on 22 June 2015 at an exercise price of 18.5 pence per share for a consideration of £46,250, but using the Cashless Exercise Facility in accordance with the terms of the Company's Share Option Scheme.
Accordingly, following Admission (as defined below) and completion of the Share Sale, Robert Murray will hold 1,748,340 Ordinary Shares of 5 pence each, representing 0.7% of the issued share capital of the Company.
Application has been made to the London Stock Exchange for the 750,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 12 March 2021. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
Total Voting Rights
Following Admission, the total number of Ordinary Shares in issue and the total number of voting rights will be 250,990,136. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Robert Murray | |
2 | Reason for the notification | ||
a) | Position/status | Managing Director | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | PCF GROUP PLC | |
b) | Legal Entity Identifier | 213800KQLDOGF48T2I68 | |
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: Identification code: | Ordinary shares of 5 pence each in the share capital of PCF Group plc
GB0004189378 | |
b) | Nature of the transaction | Exercise of Options to acquire ordinary shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | ||
Exercise Price | Volume | ||
8.5p | 250,000 shares | ||
9.265p | 250,000 shares | ||
18.5p | 250,000 shares | ||
e) | Aggregated information - Aggregated volume - Price |
750,000
N/A | |
f) | Date of the transaction | 8 March 2021 | |
g) | Place of the transaction | Outside of a trading venue | |
end
For further information, please visit https://pcf.bank/ or contact:
PCF Group Scott Maybury, Chief Executive Officer Robert Murray, Managing Director
|
| Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Simon Hudson / Edward Lee / Tim Pearson
|
| Tel: +44 (0) 20 7920 3150 |
Peel Hunt (Nominated Advisor and Broker) Andrew Buchanan / James Britton / Rishi Shah / Duncan Littlejohns |
| Tel: +44 (0) 20 7418 8900 |
Shore Capital (Joint Broker) Henry Willcocks - Corporate Broking |
| 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 from £140 million to over £430 million. The Group continues to focus on portfolio quality and lending to the prime segments of its existing markets. The Group will continue to identify opportunities to diversify its lending products and asset classes by setting up new organic operations or through acquistion.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:
• Business asset finance which provides finance for vehicles, plant and equipment to SMEs;
• Consumer motor finance which provides finance for motor vehicles to consumers;
• Azule which provides finance to the broadcast and media industry; and
• Property bridging finance which provides loans to companies and sole traders investing in residential and commercial property.
The Group has a track record of profitability and sustainability through an efficient and scalable business model. Utilising its technologically advanced platform, PCF Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.
Recently recorded video profiles of PCF's Property 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.