PCF Group PLC Director/PDMR Shareholding (6436U)

TIDMPCF

RNS Number : 6436U

PCF Group PLC

26 October 2017

26 October 2017

PCF Group plc

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

Director Dealing

The Company was informed on 25 October 2017 that on 25 October 2017, Mark Brown a non-executive director of the Company, purchased 55,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 28.0 pence.

Following this transaction, Mr Brown's beneficial ownership increased to 135,000 Ordinary Shares, representing approximately 0.06 per cent of PCF's issued ordinary share capital.

- end -

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 / Andrew Dunn                 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 banking operation the Group now has the capability to increase its lending portfolio significantly, with target portfolio sizes of GBP350m in 2020 and GBP750m in 2022. The Group will retain its focus on portfolio quality, and has the capability to lend increasingly to prime segments of the finance market.

PCF Bank offers retail savings products for individuals and deploys 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, the Bank will provide both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.

For media enquiries please contact [e-mail]

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                     Mark Brown - Non-Executive Director 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           See 1(a) above for position 
                                 - classified as a PDMR of PCFG 
---  ------------------------  ------------------------------------ 
 b)   Initial notification      Initial 
       /Amendment 
---  ------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                      PCF Group plc 
---  ------------------------  ------------------------------------ 
 b)   LEI                       213800UDT5QE28AFU288 
---  ------------------------  ------------------------------------ 
 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             ("Ordinary Shares") 
       instrument, type 
       of instrument 
---  ------------------------  ------------------------------------ 
 b)   Identification            GB0004189378 
       code 
---  ------------------------  ------------------------------------ 
 c)   Nature of the             Purchase of Ordinary Shares 
       transaction 
---  ------------------------  ------------------------------------ 
 d)   Price(s) and               Prices(s)    Volume(s) 
       volume(s)                 -----------  ---------- 
                                  28 pence     55,000 
                                 -----------  ---------- 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information    55,000 shares at 28 pence 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   25 October 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              London Stock Exchange, AIM Market 
       transaction               (XLON) 
---  ------------------------  ------------------------------------ 
 

Name of authorised official of issuer responsible for making notification:

Robert Murray

Company Secretary to PCF Group plc

This information is provided by RNS

The company news service from the London Stock Exchange

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October 26, 2017 02:00 ET (06:00 GMT)