PCF Group PLC Directorate Change (2693G)

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RNS Number : 2693G

PCF Group PLC

16 March 2020

16 March 2020

PCF Group plc

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

Director Resignation

PCF announces the resignation of David Bull as a director of the company. David has been with the Group since August 2015 and, having spent almost five years at PCF, has decided to leave effective from September 2020, to further his executive ambitions in a new organisation.

The Company will commence a recruitment process to identify and appoint a successor to David.

Scott Maybury, Chief Executive of PCF, commented:

"David was instrumental in helping us gain authorisation as a bank and build our new infrastructure, governance and controls. He also assisted in the diversification of new business lines as well as champion change across the bank. We wish David every success in the future."

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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 
 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] 
  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-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 GBP146million to GBP395million. 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.

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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March 16, 2020 07:27 ET (11:27 GMT)