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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Morses Club Plc | LSE:MCL | London | Ordinary Share | GB00BZ6C4F71 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.21 | 0.20 | 0.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMCL
RNS Number : 5941D
Morses Club PLC
27 April 2017
27 April 2017
Morses Club PLC
Director/PDMR Shareholding
Morses Club PLC ("Morses Club" or "the Company"), the UK's second largest home collected credit ("HCC") lender, announces that on 27 April 2017 Sir Nigel Knowles, Senior Independent Director of Morses Club, acquired 12,000 ordinary shares of 1 pence at a price of 134.25p per share.
Following this transaction, Sir Nigel Knowles holds 35,148 ordinary shares which represents a total of 0.03% of the Company's issued share capital.
Enquiries:
Morses Club PLC Tel: +44 (0) Paul Smith, Chief Executive Officer 330 045 0719 Andy Thomson, Chief Financial Officer Numis Securities Limited (Nomad Tel: +44 (0) and Joint Broker) 20 7260 1000 Andrew Holloway Charlie Farquhar Paul Gillam Panmure Gordon (UK) Limited (Joint Tel: +44 (0) Broker) 20 7886 2500 Richard Gray Charles Leigh Pemberton Camarco Tel: +44 (0) Ed Gascoigne-Pees 20 3757 4984 Jennifer Renwick
Notes to editors
About Morses Club
Morses Club is the second largest UK Home Collected Credit lender with 216,000 customers and 1,826 agents (as at 25 February 2017) across 98 locations throughout the UK.
The Company offers a range of loan products to its customers through its extensive agent network. The majority of the Company's borrowers are repeat customers and the Company enjoys consistently high customer satisfaction scores of 95 per cent or above.
The Company is using technology to broaden its offering and provide new products to ensure customers can access credit with the flexibility they require. In April 2016, its cashless lending product, the Morses Club Card, was introduced, enabling its customers to buy online as well as on the high street.
Morses Club successfully listed on AIM in May 2016.
About the UK non-standard credit market
The UK non-standard credit market, of which UK HCC is a subset, consists of both secured and unsecured lending and is estimated to comprise around 10 million consumers.
Non-standard credit is the provision of secured and unsecured credit to consumers other than through mainstream lenders. Lenders providing non-standard credit principally lend on an unsecured basis.
Since 2009, unsecured personal lending has grown from GBP161 billion to GBP244 billion in 2015.
UK Home Collected Credit
UK HCC is considered to be a specialised segment of the broader UK non-standard credit market. UK HCC loans are typically small, unsecured cash loans delivered via self-employed agents directly to customers' homes. Repayments are collected in person during weekly follow-up visits to customers' homes.
UK HCC is considered to be stable and well-established, with approximately 3 million people using the services of UK HCC lenders, of which 1.8 million people borrow regularly.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUBUSRBAASUAR
(END) Dow Jones Newswires
April 27, 2017 10:23 ET (14:23 GMT)
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