PCF Group PLC Change of Company Name (8013J)

TIDMPCF TIDMTTM

RNS Number : 8013J

PCF Group PLC

03 July 2017

3 July 2017

PCF Group plc

("PCF", the "Company" or the "Group")

Change of Company Name

Change of Website Address

PCF, the AIM-quoted specialist bank announces that, with immediate effect, the name of the Company has been changed to PCF Group plc. The stock market ticker symbol remains PCF and the Company's ISIN is also unchanged.

The Company's website has also changed with immediate effect to www.pcf.bank.

The purpose of this change is to better align and identify the parent company with its 100% owned subsidiary PCF Bank Limited. PCF Bank is the trading style of the recently authorised specialist bank which is expected to commence savings operations later this summer.

Further details regarding PCF Bank, its operations, strategy and outlook are contained in the recent Interim Results which are available on the Company's website.

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For further information, please contact:

 
 PCF Group                                Tel: +44 (0) 
  Scott Maybury, Chief Executive           20 7222 2426 
  Officer 
  Robert Murray, Managing Director 
  David Bull, Finance Director 
 Tavistock Communications                 Tel: +44 (0) 
  Jos Simson / Niall Walsh                 20 7920 3150 
 Panmure Gordon (UK) Limited              Tel: +44 (0) 
  Atholl Tweedie / Adam James              20 7886 2500 
  - Corporate Finance 
  Charles Leigh-Pemberton - Corporate 
  Broking 
 Stockdale Securities                     Tel: +44 (0) 
  Robert Finlay / Richard Johnson          20 7601 6100 
  - Corporate Finance 
  Henry Willcocks - Corporate 
  Broking 
 

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. With the advent of the Bank the Group now has the scale to increase its lending portfolio size significantly, with target portfolio sizes of GBP350m in 2020 and GBP750m in 2022. The Group will retain its focus on portfolio quality, and will now have the capacity to lend to increasingly prime segments of the finance market.

PCF Bank will offer retail savings products for individuals and will then deploy those funds through its two lending 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 track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technologically advanced platform, PCF will provide both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 03, 2017 02:00 ET (06:00 GMT)