25 Jul 2018 16:24
25 July 2018
Private & Commercial Finance Group plc
("PCF", the "Company" or the "Group")
Director Dealing
The Company was informed on 25 July 2018 that on 24 July 2018, Scott Maybury, a director, completed the purchase of 55,500 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 35.9 pence and the sale of the same number of 55,500 Ordinary Shares at a price of 35.05 pence to facilitate a NISA transfer.
Following these transactions, Mr Maybury's beneficial ownership remains unchanged at 1,717,653 Ordinary Shares, representing approximately 0.8 per cent of PCF's Ordinary Share capital.
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For further information, please visit https://pcf.bank/ or contact:
PCF Group Scott Maybury, Chief Executive Officer Robert Murray, Managing Director David Bull, Finance Director
| Tel: +44 (0) 20 7222 2426 |
Tavistock (Financial PR and IR) Simon Hudson / Edward Lee / Jos Simson
| Tel: +44 (0) 20 7920 3150 |
Panmure Gordon (UK) Limited (Joint Broker and Nominated Adviser) Atholl Tweedie - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
| Tel: +44 (0) 20 7886 2500 |
Stockdale Securities (Joint Broker) Robert Finlay / Richard Johnson - Corporate Finance Henry Willcocks - Corporate Broking | Tel: +44 (0) 20 7601 6100 |
About PCF Group plc
Established in 1994, PCF Group plc is the AIM-listed parent of the specialist bank, PCF Bank Limited. As a bank, the Group has the capability to increase its lending portfolio significantly, with target portfolio sizes of £350 million in 2020 and £750 million in 2022. The Group will focus on portfolio quality by lending to prime segments of its existing finance markets. The Group will also seek to diversify its lending products and asset classes through acquisition.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its two lending divisions:
• Consumer Finance which provides finance for motor vehicles to consumers; and
• Business Finance which provides finance for vehicles, plant and equipment to SMEs.
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
Note: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
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 | Scott Maybury - 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
| Sale and purchase of Ordinary Shares
| |
d)
| Price(s) and volume(s) | Prices(s) | Volume(s) |
35.9 pence | 55,500 | ||
35.05 pence | 55,500 | ||
d)
| Aggregated information - Aggregated volume - Price | 55,500 Ordinary Shares (sold) at 35.05 pence per Ordinary Share 55,500 Ordinary Shares (bought) at 35.9 pence per Ordinary Share
| |
e)
| Date of the transaction | 24 July 2018 | |
f)
| 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
PCF.L (PCF)