Private & Commercial Fin Group Plc Director Dealing (7794B)

TIDMPCF TIDMTTM

RNS Number : 7794B

Private & Commercial Fin Group Plc

06 April 2017

6 April 2017

Private & Commercial Finance Group plc

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

Director Dealing

The Company was informed 5 April 2017 that on 5 April 2017, Timothy Franklin, Non-executive Chairman of the Company purchased 42,810 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 28.0 pence per Ordinary Share.

Following this transaction, Mr Franklin's beneficial ownership is 42,810 Ordinary Shares, representing approximately 0.03 per cent. of PCFG's issued ordinary share capital.

- 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 
  - 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 
 

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                     Timothy Franklin - Non-executive 
                                 Chairman 
---  ------------------------  ---------------------------------- 
 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                      Private & Commercial Finance 
                                 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)                 ------------  ---------- 
                                  28.0 pence    42,810 
                                 ------------  ---------- 
---  ------------------------  ---------------------------------- 
 d)   Aggregated information    N/a 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ---------------------------------- 
 e)   Date of the transaction   5 April 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 Private & Commercial Finance Group plc

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

Established in 1994, Private & Commercial Finance Group plc is an AIM-quoted specialist bank 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

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(END) Dow Jones Newswires

April 06, 2017 03:34 ET (07:34 GMT)