We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pcf Group Plc | LSE:PCF | London | Ordinary Share | GB0004189378 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.95 | 0.60 | 1.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPCF TIDMTTM
RNS Number : 7764L
Private & Commercial Fin Group Plc
05 October 2016
Private & Commercial Finance Group plc
("PCFG" or the "Company")
Conversion of Loan Notes and PDMR Dealings
Private & Commercial Finance Group plc ("PCFG" or the "Company") announces that the Company has received conversion notices for an aggregate of 934,734 GBP1 nominal 6% Convertible Unsecured Loan Notes 2016 ("2016 CULS"). The 2016 CULS have a conversion price of 8.5 pence per share and therefore the above conversion will result in the issue of 10,996,859 new ordinary shares of 5p each in the Company (the "New Shares").
Application has been made for the New Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 10 October 2016.
Following the admission of the New Shares to trading on AIM, there will be 170,124,102 ordinary shares of 5p each ("Ordinary Shares").
The following directors of the Company held 2016 CULS and, as a result of exercising their option to convert them into Ordinary Shares, have increased their shareholdings in the Company as follows:
Director 2016 Existing New Shares Resultant % of CULS holding issued holding issued of Ordinary on conversion of Ordinary share Shares of 2016 Shares capital, CULS as enlarged by the New Shares --------------- ------- ------------- --------------- ------------- ------------- David Anthony 20,075 936,275 236,176 1,172,451 0.7% --------------- ------- ------------- --------------- ------------- ------------- Scott Maybury 10,000 1,600,006 117,647 1,717,653 1.0% --------------- ------- ------------- --------------- ------------- ------------- David Morgan 10,000 Nil 117,647 117,647 0.1% --------------- ------- ------------- --------------- ------------- -------------
The above figure of 170,124,102 ordinary shares of 5p each 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 in their interest in, the share capital of the Company under the FCA's DTR rules.
The remaining 21,597 of GBP1 nominal 2016 CULS matured on 30(th) September 2016 and will be redeemed to their respective loan note holders. The 2016 CULS trading line was cancelled at close of business on 30 September 2016 and the Company has notified the FCA to remove the 2016 CULS line from the Official List.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 David Anthony - Chairman Scott Maybury - Chief Executive David Morgan - Non-executive Director --- ------------------------ ------------------------------------- 2 Reason for the notification --- --------------------------------------------------------------- a) Position/status See 1(a) above for positions - all classified as PDMRs of PCFG --- ------------------------ ------------------------------------- b) Initial notification Initial Notification /Amendment --- ------------------------ ------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- --------------------------------------------------------------- a) Name Private & Commercial Finance Group plc --- ------------------------ ------------------------------------- b) LEI --- ------------------------ ------------------------------------- 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 Ordinary shares of 5 pence each the financial instrument, type of instrument --- ------------------------ ------------------------------------- b) Identification GB0004189378 code --- ------------------------ ------------------------------------- c) Nature of the In each case, the issue of Ordinary transaction Shares upon conversion of GBP1 nominal 6% Convertible Unsecured Loan Notes 2016 --- ------------------------ ------------------------------------- d) Price(s) and Price - conversion price of volume(s) 8.5 pence per Ordinary Share Volume(s) David Anthony - 236,176 Ordinary Shares upon conversion of GBP20,075 2016 CULS Scott Maybury - 117,647 Ordinary Shares upon conversion of GBP10,000 2016 CULS David Morgan - 117,647 Ordinary Shares upon conversion of GBP10,000 2016 CULS --- ------------------------ ------------------------------------- d) Aggregated information n/a - Aggregated volume - Price --- ------------------------ ------------------------------------- e) Date of the transaction 04 October 2016 --- ------------------------ ------------------------------------- f) Place of the Outside a trading venue transaction --- ------------------------ -------------------------------------
Name of authorised official of issuer responsible for making notification:
Robert Murray
Company Secretary to Private & Commercial Finance Group plc
For further information, please contact:
Private & Commercial Finance Tel: +44 (0) 20 7222 2426 Group Scott Maybury, Chief Executive Robert Murray, Managing Director David Bull, Finance Director Tavistock Communications Tel: +44 (0) 20 7920 3150 Jos Simson / Niall Walsh Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500 Adam James / Peter Steel / Atholl Tweedie Stockdale Securities Tel: +44 (0) 20 7601 6100 Henry Willcocks
About Private & Commercial Finance Group plc
Established in 1994, Private & Commercial Finance Group plc is an AIM-quoted finance house which has two main operating divisions:
-- Consumer Finance which provides finance for motor vehicles to consumers; and -- Business Finance which provides finance for vehicles, plant and equipment to SMEs.
The Group has a highly efficient and scalable business model, utilising its specially developed internet-based proposal system to service national networks of brokers and suppliers.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBBBDGRBGBGLU
(END) Dow Jones Newswires
October 05, 2016 07:21 ET (11:21 GMT)
1 Year Pcf Chart |
1 Month Pcf Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions