PCF Group PLC Director/PDMR Shareholding (4317J)

TIDMPCF

RNS Number : 4317J

PCF Group PLC

09 April 2020

9 April 2020

PCF Group plc

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

Director Dealing

The Company was informed on 9 April 2020 that Marian Martin, a director, completed the purchase of 22,532 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 22.19 pence.

Following this transaction, Ms Martin's beneficial ownership is 37,303 Ordinary Shares, representing approximately 0.01 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] 
  Simon Hudson / Edward Lee/ Tim Pearson            3150 
  Panmure Gordon (Nominated Advisor and             Tel: [phone] 
   Joint Broker)                                     2500 
   Atholl Tweedie / Joanna Langley - Corporate 
   Finance 
   Charles Leigh-Pemberton - Corporate Broking 
 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 significantly from GBP146 million to GBP395 million. The Group will retain its focus on portfolio quality and has the capability to lend increasingly to prime segments 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 technologically advanced 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]

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.

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                       Marian Martin - 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   Purchase of Ordinary Shares 
     --------------------------  ------------------------------------------- 
 d)   Price(s) and volume(s)       Prices(s)      Volume(s) 
                                    22.19 pence    22,532 
                                                  ---------- 
     --------------------------  ------------------------------------------- 
 e)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 f)   Date of the transaction     9 April 2020 
     --------------------------  ------------------------------------------- 
 g)   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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(END) Dow Jones Newswires

April 09, 2020 11:41 ET (15:41 GMT)