TIDMPCF
RNS Number : 3316S
PCF Group PLC
08 March 2019
8 March 2019
PCF Group plc
("PCFG", the "Company" or the "Group")
Results of General Meeting and result of Open Offer
and
Issue of equity
PCFG (AIM: PCF), the AIM-quoted specialist bank, announces the
results of the General Meeting in respect of its recent GBP10
million Placing, and additional Open Offer of up to GBP750,000, at
an Issue Price of 30 pence per new Ordinary Share, which was
announced to the market on 20 February 2019 (the "Placing Launch
Announcement"), and the results of the Open Offer.
General Meeting
The Company is pleased to announce that at the General Meeting
held earlier today all resolutions were duly passed.
Open Offer
As announced in the Placing Launch Announcement, neither Somers,
the majority Shareholder in the Company, nor the Directors have
subscribed for any Open Offer Shares. The Open Offer Entitlements
which could otherwise have been available to Somers and the
Directors under the Open Offer, being approximately 57.0 per cent.
of the total Open Offer Entitlements, were made available to
Qualifying Shareholders under the Excess Application Facility.
The Open Offer closed for acceptances at 11.00 a.m. on 7 March
2019 in accordance with its terms, and was oversubscribed. The
Company therefore announces that it has received valid acceptances
in respect of 2,500,000 Open Offer Shares from Qualifying
Shareholders, including applications under the Excess Application
Facility, with a value of GBP750,000. This represents 100 per cent.
of the Open Offer Shares offered pursuant to the Open Offer.
Qualifying Shareholders who have validly applied for their Basic
Entitlement will receive this in full. Applications for Open Offer
Shares under the Excess Application Facility will be scaled back
pro rata to the number of Excess Shares applied for by Qualifying
Shareholders under the Excess Application Facility.
As a consequence, the Company has conditionally raised GBP10.75
million (before expenses) in aggregate through the Placing and Open
Offer.
Issue of Equity
Application has been made for the 35,833,333 Placing Shares and
Open Offer Shares (in aggregate) to be admitted to trading on AIM
and it is expected that Admission will take place at 8.00 a.m. on
11 March 2019. The Placing Shares and Open Offer Shares will rank
pari passu with the existing Ordinary Shares.
Following Admission, the Company will have 249,985,934 Ordinary
Shares in issue, none of which are held in treasury. Shareholders
may use this figure as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the issued share
capital of the Company.
Notification of transactions by Directors and persons closely
associated with them
The notification of dealing forms provided in accordance with
the requirements of MAR in relation to the Directors' and Somers'
subscriptions for Placing Shares pursuant to the Placing are set
out below.
The capitalised terms used in this announcement have the meaning
set out in Appendix IV to the Placing Launch Announcement.
For more information, please contact:
PCF Group plc Tel: +44 (0) 20 7222 2426
Scott Maybury, Chief Executive Officer
Robert Murray, Managing Director
David Bull, Finance Director
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500
Corporate Finance
Atholl Tweedie
Corporate Broking
Charles Leigh-Pemberton
Stockdale Securities Limited Tel: +44 (0) 20 7601 6100
Corporate Finance
Robert Finlay / Richard Johnson
Corporate Broking
Henry Willcocks
Tavistock Communications Limited Tel: +44 (0) 20 7920 3150
Edward Lee / Simon Hudson
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 Somers Limited
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Person Closely Associated with David
Morgan, Non-Executive Director of PCF
Group plc
-------------------------- -------------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of 5 pence each ("Ordinary
financial instrument, Shares")
type of instrument
-------------------------- -------------------------------------------
b) Identification code GB0004189378
-------------------------- -------------------------------------------
c) Nature of the transaction Purchase of Ordinary Shares pursuant
to the Placing
-------------------------- -------------------------------------------
d) Price(s) and volume(s) Prices(s) Volume(s)
30 pence 17,533,333
-----------
-------------------------- -------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 20 February 2019
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Timothy Franklin - Non-executive Chairman
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1(a) above for position - classified
as a PDMR of PCFG
-------------------------- -------------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of 5 pence each ("Ordinary
financial instrument, Shares")
type of instrument
-------------------------- -------------------------------------------
b) Identification code GB0004189378
-------------------------- -------------------------------------------
c) Nature of the transaction Purchase of Ordinary Shares pursuant
to the Placing
-------------------------- -------------------------------------------
d) Price(s) and volume(s) Prices(s) Volume(s)
30 pence 33,333
----------
-------------------------- -------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 20 February 2019
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names David Titmuss - Non-executive Director
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1(a) above for position - classified
as a PDMR of PCFG
-------------------------- -------------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of 5 pence each ("Ordinary
financial instrument, Shares")
type of instrument
-------------------------- -------------------------------------------
b) Identification code GB0004189378
-------------------------- -------------------------------------------
c) Nature of the transaction Purchase of Ordinary Shares pursuant
to the Placing
-------------------------- -------------------------------------------
d) Price(s) and volume(s) Prices(s) Volume(s)
30 pence 50,000
----------
-------------------------- -------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 20 February 2019
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Christine Higgins - Non-executive Director
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1(a) above for position - classified
as a PDMR of PCFG
-------------------------- -------------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of 5 pence each ("Ordinary
financial instrument, Shares")
type of instrument
-------------------------- -------------------------------------------
b) Identification code GB0004189378
-------------------------- -------------------------------------------
c) Nature of the transaction Purchase of Ordinary Shares pursuant
to the Placing
-------------------------- -------------------------------------------
d) Price(s) and volume(s) Prices(s) Volume(s)
30 pence 13,333
----------
-------------------------- -------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 20 February 2019
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Mark Brown - Non-executive Director
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1(a) above for position - classified
as a PDMR of PCFG
-------------------------- -------------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of 5 pence each ("Ordinary
financial instrument, Shares")
type of instrument
-------------------------- -------------------------------------------
b) Identification code GB0004189378
-------------------------- -------------------------------------------
c) Nature of the transaction Purchase of Ordinary Shares pursuant
to the Placing
-------------------------- -------------------------------------------
d) Price(s) and volume(s) Prices(s) Volume(s)
30 pence 65,000
----------
-------------------------- -------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 20 February 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
This announcement contains inside information for the purposes
of Article 17 of the Market Abuse Regulation (EU) No.596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMJPMBTMBTMBML
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March 08, 2019 06:24 ET (11:24 GMT)
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