7th Oct 2008 14:39
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 40,488 8% Convertible Unsecured Loan Notes 2013 at a conversion price of 76p per share. The conversion will result in the issue of 53,273 new ordinary shares of 5p each ("New Shares"). Application will be made for the New Shares to be admitted to trading on AIM and it is expected that admission will take place on 10th October 2008. Following the admission of the New Shares to AIM there will be 28,569,366 ordinary shares of 5p each in issue.
Enquiries:
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Private & Commercial Finance Group plc
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020 7222 2426
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Robert Murray, Company Secretary
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Hanson Westhouse Limited
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0113 246 2610
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Tim Feather / Matthew Johnson
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Notes to Editors:
Private & Commercial Finance Group plc, which is authorised and regulated by the FSA, is a fast growing AIM-listed finance house. The Group provides a carefully selected range of high quality equipment finance products tailored for both business and personal customers.
PCFG has two main operating divisions: Consumer Finance (finances cars for consumers) and Business Finance (finances vehicles, plant and equipment for SME's). The Group has a highly efficient business model, utilising its specially developed internet-based proposal system to service a national network of brokers. This allows it to handle a large volume of proposals quickly and with low, scaleable costs.
Related Shares:
PCF.L