Private & Commercial Fin Group Plc Directorate Change (0826R)

TIDMPCF TIDMTTM

RNS Number : 0826R

Private & Commercial Fin Group Plc

06 December 2016

6 December 2016

Private & Commercial Finance Group plc

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

Directorate Change

PCFG, the AIM quoted finance house, announces the appointment of Timothy Franklin as a Non-Executive Director with immediate effect.

Mr Franklin is a highly experienced executive and non-executive director with a career that spans over 30 years with both building societies and banks. He has held a variety of roles on boards and board committees and is currently a non-executive director of the Post Office which, with 11,800 branches, is the largest financial services retailer by number of outlets in the UK. He is also currently Senior Independent Director of HM Land Registry.

Mr Franklin has previously held a number of senior executive roles at Co-operative Financial Services, Britannia Building Society and Barclays Bank with a record of outstanding achievement in retail financial services, banking technology and business transformation. As part of PCFG's banking licence application to the PRA and as a Director of the Company, Mr Franklin has already undertaken the necessary due diligence procedures.

Scott Maybury, CEO, commented: "I am very pleased to welcome Tim Franklin on to the Board of PCFG. Tim's retail banking experience will complement the skills of the existing board members and provide invaluable commercial and savings product experience to the team. This, alongside his knowledge of banking technology and business transformation, will help deliver our strategic vision as we move towards our banking licence. We greatly look forward to working with Tim."

Tim Franklin commented: "I am delighted to be joining the PCFG Board as we move into the next stage of the evolution of this well established and highly regarded business."

- 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 
 

Appendix 1: disclosures required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies

Timothy Alan Franklin (aged 55) has, during the past five years been a director of the following companies:

 
 Current Directorships      Previous Directorships 
  or Partnerships            or Partnerships 
-------------------------  ------------------------- 
 Enville Court Management   St. Bart's Multi-Academy 
  Company Limited            Trust 
-------------------------  ------------------------- 
 Post Office Limited 
-------------------------  ------------------------- 
 Sunsitive Ltd 
-------------------------  ------------------------- 
 HM Land Registry 
-------------------------  ------------------------- 
 

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 Franklin.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 06, 2016 04:45 ET (09:45 GMT)