Conversion of Securities

7 Apr 2008 12:59

Private & Commercial Fin Group Plc07 April 2008 PRIVATE & COMMERCIAL FINANCE GROUP PLC CONVERSION OF LOAN NOTES The Directors of Private & Commercial Finance Group ("PCFG" or the "Company")announce that they have received notification of the conversion of 4,369 8%Convertible Unsecured Loan Notes 2013 at a conversion price of 76p per share.The conversion will result in the issue of 5,747 new ordinary shares of 5p each("New Shares"). Application will be made for the New Shares to be admitted totrading on AIM and it is expected that admission will take place on 11 April2008. Following the admission of the New Shares to AIM there will be 28,516,093ordinary shares of 5p each in issue. Enquiries: Private & Commercial Finance Group plc 020 7222 2426Robert Murray, Company Secretary Hanson Westhouse Limited 0113 246 2610Tim Feather / Matthew Johnson Notes to Editors: Private & Commercial Finance Group plc, which is authorised and regulated by theFSA, is a fast growing AIM-listed finance house. The Group provides a carefullyselected range of high quality equipment finance products tailored for bothbusiness and personal customers. PCFG has two main operating divisions: Consumer Finance (finances cars forconsumers) and Business Finance (finances vehicles, plant and equipment forSME's). The Group has a highly efficient business model, utilising its speciallydeveloped internet-based proposal system to service a national network ofbrokers. This allows it to handle a large volume of proposals at the speed oflight and with low, scaleable costs. This information is provided by RNS The company news service from the London Stock Exchange