PCF Group PLC Issue of Equity (0907U)
27 Marzo 2019 - 01:00AM
UK Regulatory
TIDMPCF
RNS Number : 0907U
PCF Group PLC
27 March 2019
27 March 2019
PCF Group plc
("PCF" or the "Company")
Exercise of Options and Issue of Equity
PCF, the AIM-listed specialist bank, has issued and allotted
195,000 new ordinary shares of 5p each in the Company ("New
Ordinary Shares") following the exercise of employee share options
awarded under the Company's approved share option plan.
Accordingly, an application has been made for the 195,000 New
Ordinary Shares to be admitted to trading on AIM ('Admission'). It
is expected that Admission will occur at 8:00 a.m. on 29 March
2019. The New Ordinary Shares will rank pari passu with the
existing ordinary shares in the Company.
Following Admission, the Company's enlarged issued share capital
will comprise 250,180,934 ordinary shares with one voting right per
share. No shares are held in Treasury. The total number of voting
rights in the Company is therefore 250,180,934.
This figure of 250,180,934 ordinary shares may be used by
shareholders in the Company 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 share capital of
the Company under the FCA's Disclosure and Transparency Rules.
- end -
For further information, please contact:
PCF Group plc Tel: +44 (0) 20 7222
Scott Maybury, Chief Executive Officer 2426
Robert Murray, Managing Director
David Bull, Finance Director
Tavistock Communications Tel: +44 (0) 20 7920
Jos Simson / Simon Hudson / Edward Lee 3150
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886
Atholl Tweedie - Corporate Finance 2500
Charles Leigh-Pemberton - Corporate Broking
Stockdale Securities Tel: +44 (0) 20 7601
Robert Finlay / Richard Johnson - Corporate 6100
Finance
Henry Willcocks - Corporate Broking
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 GBP350 million,
growing to GBP750 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 media@pcf.bank
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END
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