PCF Group PLC Change of Adviser (6369A)

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RNS Number : 6369A

PCF Group PLC

01 October 2020

1 October 2020

PCF Group plc

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

Change of adviser

PCF is pleased to announce the appointment of Peel Hunt LLP ("Peel Hunt") as its Nominated Adviser and broker with immediate effect.

ENDS

For further information, please visit https://pcf.bank/ or contact:

 
 PCF Group                                    Tel: [phone] 
  Scott Maybury, Chief Executive Officer       2426 
  Robert Murray, Managing Director 
 Tavistock Communications                     Tel: [phone] 
  Simon Hudson / Edward Lee / Tim Pearson      3150 
 Peel Hunt (Nominated Advisor and Broker)     Tel: [phone] 
  Andrew Buchanan / James Britton / Rishi      2500 
  Shah / 
  Duncan Littlejohns 
 Shore Capital (Joint Broker)                 Tel: [phone] 
  Henry Willcocks - Corporate Broking          4080 
 

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. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio from GBP140 million to over GBP425 million. The Group will retain its focus on portfolio quality and lending to the prime segments of its existing financial services markets. The Group will continue to identify opportunities to diversify its lending products and asset classes through acquisition and by setting up new organic operations.

PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:

   --      Business Finance which provides finance for vehicles, plant and equipment to SMEs; 
   --      Consumer Finance which provides finance for motor vehicles to consumers; 
   --      Azule Limited which provides finance to the broadcast and media industry; and 

-- Bridging Property Finance which provides loans to companies and sole traders investing in residential and commercial property.

The Group has a track record of profitability and sustainability through an efficient and scalable business model. Utilising its technologically advanced platform, PCF Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.

Recently recorded video profiles of PCF's Bridging Finance, Azule Broadcast Equipment Finance, and Savings divisions are available at the Company's profile page on the London Stock Exchange website: https://profile.lsegissuerservices.com/PCFGroup/overview .

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October 01, 2020 02:00 ET (06:00 GMT)