PCF Group PLC Director Dealing (3252G)

TIDMPCF

RNS Number : 3252G

PCF Group PLC

22 July 2019

22 July 2019

PCF Group plc

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

Director Dealing

The Company was informed on 22 July 2019 that, Scott Maybury, a director, completed the purchase of 68,166 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 29.69 pence and the sale of the same number of 68,166 Ordinary Shares at a price of 28.76 pence to facilitate a NISA transfer.

Following these transactions, Mr Maybury's beneficial ownership remains unchanged at 1,717,653 Ordinary Shares, representing approximately 0.7 per cent of PCF's Ordinary Share capital.

- end -

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

 
  PCF Group plc                                     Tel: [phone] 
   Scott Maybury, Chief Executive Officer            2426 
   Robert Murray, Managing Director 
   David Bull, Finance Director 
 Tavistock Communications                          Tel: [phone] 
  Jos Simson / Simon Hudson / Edward Lee            3150 
 Panmure Gordon (Joint Broker and Nominated        Tel: [phone] 
  Adviser)                                          2500 
  Atholl Tweedie / Joanna Langley - Corporate 
  Finance 
  James Stearns - Corporate Broking 
  Shore Capital (Joint Broker)                      Tel: [phone] 
   Robert Finlay / Richard Johnson - Corporate       6100 
   Finance 
   Henry Willcocks - Corporate Broking 
 

About PCF Group plc (www.pcf.bank)

Established in 1994, PCF Group plc is the AIM-listed parent of specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio significantly, targeting an initial portfolio of GBP350 million by 2020 and growing to a GBP750 million portfolio by 2022. The Group will retain its focus on portfolio quality, lending increasingly to the prime segment of its existing finance markets. The Group has also recently diversified 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 property

For media enquiries please contact [e-mail]

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                       Scott Maybury - Director 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status             See 1(a) above for position - classified 
                                   as a PDMR of PCF 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                        PCF 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 the          Ordinary shares of 5 pence each ("Ordinary 
       financial instrument,       Shares") 
       type of instrument 
     --------------------------  ------------------------------------------- 
 b)   Identification code         GB0004189378 
     --------------------------  ------------------------------------------- 
 c)   Nature of the transaction   Sale and purchase of Ordinary Shares 
     --------------------------  ------------------------------------------- 
 d)   Price(s) and volume(s)       Prices(s)      Volume(s) 
                                    29.69 pence    68,166 
                                                  ---------- 
                                    28.76 pence    68,166 
                                                  ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      68,166 Ordinary Shares (sold) at 28.76 
       - Aggregated volume         pence per Ordinary Share 
       - Price                     68,166 Ordinary Shares (bought) at 29.69 
                                   pence per Ordinary Share 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     22 July 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM Market (XLON) 
     --------------------------  ------------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Robert Murray

Company Secretary to PCF Group plc

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 22, 2019 11:05 ET (15:05 GMT)