3rd May 2019 12:32
3 May 2019
PCF Group plc
("PCF", the "Company" or the "Group")
Director Dealing
The Company was informed on 1 May 2019 that on that day, Tim Franklin, a director, completed the purchase of 35,610 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 33.6 pence and the sale of 33,333 Ordinary Shares at a price of 32.2 pence to facilitate a NISA transfer.
Following these transactions, Mr Franklin's beneficial ownership increased to 125,783 Ordinary Shares, representing approximately 0.05 per cent. of PCF's Ordinary Share capital.
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For further information, please contact:
PCF Group plc Scott Maybury, Chief Executive Officer Robert Murray, Managing Director David Bull, Finance Director |
|
Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Jos Simson / Simon Hudson / Edward Lee
|
| Tel: +44 (0) 20 7920 3150 |
Panmure Gordon (UK) Limited Atholl Tweedie - Corporate Finance Charles Leigh-Pemberton - Corporate Broking |
| Tel: +44 (0) 20 7886 2500 |
Shore Capital Robert Finlay / Richard Johnson - Corporate Finance Henry Willcocks - Corporate Broking |
| Tel: +44 (0) 20 7601 6100 |
About PCF Group plc (www.pcf.bank)
Established in 1994, PCF Group plc is the AIM-listed parent of specialist bank, PCF Bank Limited. Since becoming a bank in 2016, the Group has the capability to increase its lending portfolio significantly, with an initial portfolio target of £350 million, growing to £750 million by September 2022. The Group will retain its focus on portfolio quality, lending increasingly to the prime segment of its existing finance markets. The Group has also recently diversified its lending products and asset classes through acquisition and by setting up new organic operations.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:
• Business Finance which provides finance for vehicles, plant and equipment to SMEs;
• Consumer Finance which provides finance for motor vehicles to consumers;
• Azule Limited which provides finance to the broadcast and media industry; and
• Bridging Property Finance which provides loans to companies and sole traders investing in residential property
The Group has a track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technology 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 [email protected]
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 | Tim Franklin - 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) |
| ||||||
d)
| Aggregated information - Aggregated volume - Price | 33,333 Ordinary Shares (sold) at 32.2 pence per Ordinary Share 35,610 Ordinary Shares (bought) at 33.6 pence per Ordinary Share
| ||||||
e)
| Date of the transaction | 1 May 2019 | ||||||
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
Related Shares:
PCF.L