3rd Aug 2009 10:00
PCF.L / Index: AIM / Sector: Speciality & other finance
Private & Commercial Finance Group plc ("PCFG" or the "Company")
Notification of director's dealing
The Company was informed on 31 July 2009 that Tony Nelson, Deputy Chairman of the Company, subscribed for 10,000 £1 units of 10% unsecured convertible loan notes ("New Loan Notes") in the Company for a total consideration of £10,000.
The holding in New Loan Notes will entitle Mr. Nelson to interest at the rate of 10% per annum and to an option to convert all or part of his holding in the New Loan Notes into up to 40,000 ordinary shares of 5p each in the Company at the price of 25p per share.
PCF is currently offering up to £2,200,000 of New Loan Notes through brokers Daniel Stewart.
PCF recently announced its results for the 12 months ended 31 March 2009. The Annual Report is now available on the Company's website at www.pcfg.co.uk and copies will be posted to shareholders and loan notes holders on 3 August 2009.
**ENDS**
For more information, please contact:
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Private & Commercial Finance Group plc |
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Scott Maybury |
Tel: 020 7222 2426 |
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Hanson Westhouse Limited, Nominated Adviser |
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Tim Feather |
Tel: 0113 246 2610 |
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Daniel Stuart |
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Martin Lampshire/Graham Webster |
Tel: 020 7776 6598 |
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St Brides Media and Finance |
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Felicity Edwards |
Tel: 020 7236 1177 |
Notes to editors:
Private & Commercial Finance Group plc, which is authorised and regulated by the Financial Services Authority, is an independent AIM-listed finance house. The Group provides a carefully selected range of high quality equipment finance products tailored for both business and personal customers. The range extends from financing cars for consumers to leasing a wide range of equipment to businesses.
Related Shares:
PCF.L