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7 Apr 2014 10:03
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PRIVATE & COMMERCIAL FINANCE GROUP PLC
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CONVERSION OF LOAN NOTES
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Private & Commercial Finance Group plc ("PCFG" or the "Company") announces that the Company has received conversion notices for an aggregate of 149 Β£1 nominal 6% Convertible Unsecured Loan Notes 2016 ("2016 CULS"). The 2016 CULS have a conversion price of 8.5 pence per share and therefore the above conversion will result in the issue of 1,753 new ordinary shares of 5p each (the "New Shares").Β
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Application has been made for the New Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 9 April 2014.
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Following the admission of the New Shares to trading on AIM, there will be 53,023,454 ordinary shares of 5p and 9,975,154 2016 CULS in issue.
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Enquiries:
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Private & Commercial Finance Group plc | 020 7222 2426 |
Robert Murray, Company Secretary | Β |
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Panmure Gordon & Co | 020 7886 2500 |
Fred Walsh / Atholl Tweedie | Β |
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About Private & Commercial Finance Group plc
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Consumer Finance - Helping you get the vehicle you need
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Business Finance - Finance solutions that work for you
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Private & Commercial Finance Group plc is an AIM-quoted finance house. PCFG has two main operating divisions: Consumer Finance provides a range of specially tailored finance products for consumers and Business Finance, which finances vehicles, plant and equipment for 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.
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