PCF.L Regulatory News (PCF)

3 Aug 2009 07:00



PCF.L / Index: AIM / Sector: Speciality & other finance

Private & Commercial Finance Group plc ("PCFG" or the "Company")

Placing of New Loan Notes

The Directors of Private & Commercial Finance Group plc, the AIM quoted finance house, are pleased to announce the successful completion of a placing by Daniel Stewart & Co of 389,648 10% unsecured convertible loan notes ("Loan Notes") of £1 each, raising £389,648 before expenses (the "Placing"). The Loan Notes:

yield 10% per annum interest, payable half yearly on 31 March and 30 September 

carry a right to convert into ordinary shares of PCFG at 25p per share 

are repayable on not less than 12 months' prior notice expiring on or after 30 September 2013

are repayable at the option of the Company on any interest payment date 

will not be quoted on any stock exchange

The net proceeds of the initial Placing will be used in order to redeem in part the 2009 loan notes due for repayment on 30 September 2009.

**ENDS**

For more information, please contact:

Notes to editors:

Private & Commercial Finance Group plc, which is authorised and regulated by the Financial Services Authority, is an independent AIM-listed finance house. The Group provides a carefully selected range of high quality equipment finance products tailored for both business and personal customers. The range extends from financing cars for consumers to leasing a wide range of vehicles & equipment to businesses.