PCF Group PLC Directorate Change (7687K)

TIDMPCF

RNS Number : 7687K

PCF Group PLC

12 July 2017

12 July 2017

PCF Group plc

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

Directorate Change

PCF, the AIM-quoted specialist bank, announces the appointment of David Titmuss as a non-executive director with immediate effect. Mr Titmuss will also act as Chair of the Remuneration and Nominations Committee.

Mr Titmuss is a sales and marketing executive with a record of achievement in customer acquisition in automotive, banking and financial services organisations. He has held a variety of board level and executive positions in public and private businesses including most recently at webuyanycar.com where he was responsible for customer marketing.

As part of the Group's authorised status as a bank, Mr Titmuss has completed the required Prudential Regulation Authority and Financial Conduct Authority due diligence processes.

Tim Franklin commented: "We are delighted that David Titmuss is joining our board. His extensive sales and marketing experience coupled with his background in financial services make David an excellent addition to our team as we move towards creating PCF Bank."

David Titmuss commented: "I am pleased to be joining PCF at this time as the business is set to attract new customers through a wider range of banking and finance products."

- 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 / 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 
 

Appendix: disclosures required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies

David John Titmuss (aged 54) has, during the past five years been a director of the following companies:

 
 Current Directorships   Previous Directorships 
  or Partnerships         or Partnerships 
----------------------  --------------------------- 
 Via Groupo S.L.         All In One Finance Limited 
----------------------  --------------------------- 
 

Save as set out in this announcement, there are no further details to be disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of Mr Titmuss.

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

END

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July 12, 2017 02:00 ET (06:00 GMT)