TIDMPCF
RNS Number : 5377R
PCF Group PLC
09 March 2021
9 March 2021
PCF Group plc
("PCF", the "Bank" or the "Group")
Director's exercise of share options
PCF Group plc announces the following share transactions carried
out by, Robert Murray, who is retiring and stepping down as a
director on 26 March 2021.
Robert Murray has exercised the following options over 750,000
ordinary shares of 5 pence each ("New Ordinary Shares") in the
Company (the "Options"):
-- 250,000 ordinary shares granted on 3 December 2013 at an
exercise price of 8.5 pence per share for a consideration of
GBP21,250
-- 250,000 ordinary shares granted on 10 June 2014 at an
exercise price of 9.625 pence per share for a consideration of
GBP24,062.50.
-- 250,000 ordinary shares granted on 22 June 2015 at an
exercise price of 18.5 pence per share for a consideration of
GBP46,250, but using the Cashless Exercise Facility in accordance
with the terms of the Company's Share Option Scheme.
Accordingly, following Admission (as defined below) and
completion of the Share Sale, Robert Murray will hold 1,748,340
Ordinary Shares of 5 pence each, representing 0.7% of the issued
share capital of the Company.
Application has been made to the London Stock Exchange for the
750,000 New Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will become
effective and trading will commence at 8.00 a.m. on 12 March 2021.
The New Ordinary Shares will rank pari passu with the existing
ordinary shares in the Company.
Total Voting Rights
Following Admission, the total number of Ordinary Shares in
issue and the total number of voting rights will be 250,990,136.
This figure may be used by shareholders 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.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Robert Murray
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Managing Director
------------------------------------- -------------------------------------
b) Initial notification /Amendment Initial Notification
------------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name PCF GROUP PLC
------------------------------------- -------------------------------------
b) Legal Entity Identifier 213800KQLDOGF48T2I68
------------------------------------- -------------------------------------
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 Ordinary shares of 5 pence each
instrument, type of instrument: in the share capital of PCF Group
Identification code: plc
GB0004189378
------------------------------------- -------------------------------------
b) Nature of the transaction Exercise of Options to acquire
ordinary shares
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Exercise Price Volume
------------------------------------- ------------------ -----------------
8.5p 250,000 shares
------------------ -----------------
9.265p 250,000 shares
------------------ -----------------
18.5p 250,000 shares
------------------ -----------------
e) Aggregated information
- Aggregated volume 750,000
- Price
N/A
------------------------------------- -------------------------------------
f) Date of the transaction 8 March 2021
------------------------------------- -------------------------------------
g) Place of the transaction Outside of a trading venue
------------------------------------- -------------------------------------
end
For further information, please visit https://pcf.bank/ or
contact:
PCF Group Tel: +44 (0) 20 7222
Scott Maybury, Chief Executive Officer 2426
Robert Murray, Managing Director
Tavistock Communications Tel: +44 (0) 20 7920
Simon Hudson / Edward Lee / Tim Pearson 3150
Peel Hunt (Nominated Advisor and Broker) Tel: +44 (0) 20 7418
Andrew Buchanan / James Britton / Rishi 8900
Shah /
Duncan Littlejohns
Shore Capital (Joint Broker) Tel: +44 (0) 20 7408
Henry Willcocks - Corporate Broking 4080
About PCF Group plc ( www.pcf.bank )
Established in 1994, PCF Group plc is the AIM-quoted parent of
the specialist bank, PCF Bank Limited. Since commencing operations
as a bank in 2017, the Group has increased its lending portfolio
from GBP140 million to over GBP430 million. The Group continues to
focus on portfolio quality and lending to the prime segments of its
existing markets. The Group will continue to identify opportunities
to diversify its lending products and asset classes by setting up
new organic operations or through acquistion.
PCF Bank currently offers retail savings products for
individuals and then deploys those funds through its four lending
divisions:
-- Business asset finance which provides finance for vehicles, plant and equipment to SMEs;
-- Consumer motor finance which provides finance for motor vehicles to consumers;
-- Azule which provides finance to the broadcast and media industry; and
-- Property bridging finance which provides loans to companies
and sole traders investing in residential and commercial
property.
The Group has a track record of profitability and sustainability
through an efficient and scalable business model. Utilising its
technologically advanced platform, PCF Bank provides both
depositors and borrowers with a high level of service and a
straightforward, simple range of products tailored to suit their
needs.
Recently recorded video profiles of PCF's Property Bridging
Finance, Azule Broadcast Equipment Finance, and Savings divisions
are available at the Company's profile page on the London Stock
Exchange website:
https://profile.lsegissuerservices.com/PCFGroup/overview.
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END
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