PCF Group PLC Director/PDMR Shareholding (0633Y)

TIDMPCF

RNS Number : 0633Y

PCF Group PLC

03 May 2019

3 May 2019

PCF Group plc

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

Director Dealing

The Company was informed on 1 May 2019 that on that day, Tim Franklin, a director, completed the purchase of 35,610 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 33.6 pence and the sale of 33,333 Ordinary Shares at a price of 32.2 pence to facilitate a NISA transfer.

Following these transactions, Mr Franklin's beneficial ownership increased to 125,783 Ordinary Shares, representing approximately 0.05 per cent. of PCF's Ordinary Share capital.

- end -

For further information, please 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 (UK) Limited                      Tel: [phone] 
  Atholl Tweedie - Corporate Finance               2500 
  Charles Leigh-Pemberton - Corporate Broking 
 Shore Capital                                    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 becoming a bank in 2016, the Group has the capability to increase its lending portfolio significantly, with an initial portfolio target of GBP350 million, growing to GBP750 million by September 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

The Group has a track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technology platform, the Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.

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                       Tim Franklin - 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) 
                                    32.2 Pence    33,333 
                                                 ---------- 
                                    33.6 Pence    35,610 
                                                 ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      33,333 Ordinary Shares (sold) at 32.2 
       - Aggregated volume         pence per Ordinary Share 
       - Price                     35,610 Ordinary Shares (bought) at 33.6 
                                   pence per Ordinary Share 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     1 May 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.

END

DSHEAFSDEAPNEFF

(END) Dow Jones Newswires

May 03, 2019 07:32 ET (11:32 GMT)