PCF Group PLC Directorate Change (6048G)
25 Julio 2019 - 1:02AM
UK Regulatory
TIDMPCF
RNS Number : 6048G
PCF Group PLC
25 July 2019
25 July 2019
PCF Group plc
("PCF", the "Company" or the "Group")
Director Appointment
PCF, the AIM-listed specialist bank, announces the appointment
of Marian Martin as a non-executive director with immediate
effect.
Marian Martin is a chartered accountant with a strong background
in risk management and audit. Most recently, Marian was at Virgin
Money for 11 years and was Chief Risk Officer throughout a period
of significant growth and strategic development of Virgin Money and
its risk function, including the successful listing of Virgin Money
on the London Stock Exchange. Marian was an Executive Director of
the main trading companies of the Virgin Money group during this
period.
Tim Franklin, Chairman of PCF, commented: "I am delighted to
welcome Marian to PCF Bank. Her extensive experience in financial
services and deep knowledge and understanding of retail banking
will be invaluable and will complement the skills we already have
in our boardroom. We are pleased to have attracted Marian and
greatly look forward to working with her over the months and years
ahead."
Marian Martin said "I am pleased to have the opportunity to join
the PCF Board at a time of significant growth for the business. I
look forward to working with the Board and the PCF team more widely
to take PCF onto the next stage of its development as a specialist,
diversified bank."
- 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
David Bull, Finance Director
Tavistock Communications Tel: +44 (0) 20 7920
Jos Simson / Simon Hudson / Edward Lee 3150
Panmure Gordon (Nominated Advisor and Tel: +44 (0) 20 7886
Joint Broker) 2500
Atholl Tweedie / Joanna Langley - Corporate
Finance
James Stearns - Corporate Broking
Shore Capital (Joint Broker) Tel: +44 (0) 20 7601
Robert Finlay / Richard Johnson - Corporate 6100
Finance
Henry Willcocks - Corporate Broking
Appendix: disclosures required pursuant to Rule 17 and paragraph
(g) of Schedule Two of the AIM Rules for Companies
Marian Macdonald Martin (previous names: Marian Macdonald;
Marian Macdonald Watson) (aged 51) is currently, or has during the
past five years been, a director of the following companies:
Current directorships or partnerships Previous directorships or partnerships
Topaz Finance Limited Virgin Money Management Services
Limited
---------------------------------------
Macdonald & Martin Limited Virgin Money Nominees Limited
---------------------------------------
Virgin Money Personal Finance
Service Limited
---------------------------------------
Virgin Money Unit Trust Managers
Limited
---------------------------------------
Virgin Money PLC
---------------------------------------
Northern Rock Limited
---------------------------------------
Bank and Clients PLC
---------------------------------------
Virgin Card Limited
---------------------------------------
Challenger (Norwich) Limited
---------------------------------------
Marian Martin has a direct interest in 14,711 ordinary shares of
the Company, representing 0.01% of the Company's issued share
capital.
Save as set out in this announcement, there are no further
details to be disclosed in accordance with Rule 17 and paragraph
(g) of Schedule Two of the AIM Rules for Companies.
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 commencing operations as a
bank in 2017, the Group has increased its lending portfolio
significantly, targeting an initial portfolio of GBP350 million by
2020 and growing to a GBP750 million portfolio by 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
For media enquiries please contact media@pcf.bank
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contact rns@lseg.com or visit www.rns.com.
END
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July 25, 2019 02:02 ET (06:02 GMT)
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