Placing

13 Mar 2008 07:01

Private & Commercial Fin Group Plc13 March 2008 Private & Commercial Finance Group plc (the "Company") Placing of New Ordinary Shares The Directors of Private & Commercial Finance Group plc, the AIM quoted financehouse, are pleased to announce the successful completion of a placing by WHIreland of 2,550,000 ordinary shares of 5 pence each in the capital of theCompany ("Placing Shares") at a placing price of 20 pence per Placing Share,raising £510,000 before expenses (the "Placing"). The net proceeds of the Placing will be used in order to fund further growth inthe loan book of both the commercial and consumer credit divisions. Application has been made for the Placing Shares to be admitted to trading onAIM. It is expected that admission will become effective and that dealings willcommence at 8.00 am on 18 March 2008. Following the Placing, the Company will have a total of 28,510,346 ordinaryshares in issue. For more information, please contact: Private & Commercial Finance Group plcTony Nelson Tel: 020 7222 2426 Hanson Westhouse Limited, Nominated AdviserTim Feather Tel: 0113 246 2610 WH Ireland Limited, BrokerEric Burns Tel: 0113 394 6600Stuart Forshaw Tel: 0161 832 2174 St Brides Media and FinanceFelicity Edwards Tel: 020 72361177 Notes to editors: Private & Commercial Finance Group plc, which is authorised and regulated by theFinancial Services Authority, is an independent AIM-listed finance house. TheGroup provides a carefully selected range of high quality equipment financeproducts tailored for both business and personal customers. The range extendsfrom financing cars for consumers to leasing a wide range of equipment tobusinesses. The Group's virtual car showroom (www.pcfshowroom.co.uk) offers a range ofattractively priced new and pre-registered cars on finance. This information is provided by RNS The company news service from the London Stock Exchange