Private & Commercial Fin Group Plc Correction (4418W)

TIDMPCF TIDMTTM

RNS Number : 4418W

Private & Commercial Fin Group Plc

09 February 2017

9 February 2017

Private & Commercial Finance Group plc

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

Correction

PCFG, the AIM quoted finance house, announces, with reference to the Company's Preliminary Results announcement on 8 December 2016 (RNS number 2574R), that there was an error in the calculation of the weighted average numbers of shares in issue during the 18 month period ending September 2016 and, as a result, the calculation of basic earnings per ordinary share for the 18 months ending September 2016 should have been stated as 3.2p per share rather than the 2.5p per share originally stated; and the calculation of diluted earnings per ordinary share for the 18 months ending September 2016 should have been stated as 2.6p per share rather than the 1.9p per share originally stated. This change does not affect the profit on ordinary activities after taxation in the period or the reported earnings per share for the pro-forma 12 months period to 30 September 2016.

- end -

For further information, please contact:

 
 Private & Commercial Finance             Tel: +44 (0) 
  Group                                    20 7222 2426 
  Scott Maybury, Chief Executive 
  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 
  / Peter Steel - Corporate Finance 
  Charles Leigh-Pemberton - Corporate 
  Broking 
 Stockdale Securities                     Tel: +44 (0) 
  Henry Willcocks                          20 7601 6100 
 

About Private & Commercial Finance Group plc (www.pcfg.co.uk)

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.

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) Number 596/2014) prior to its release as part of this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCTLMPTMBTMMBR

(END) Dow Jones Newswires

February 09, 2017 03:30 ET (08:30 GMT)