PCF Group PLC Reporting update (3737H)

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RNS Number : 3737H

PCF Group PLC

03 August 2021

03 August 2021

PCF Group plc

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

Reporting update

Further to the announcement of 30 June, PCF Group provides an update on the publication of its annual report and accounts for the year ended 30 September 2020 and its half year results for the six months to 31 March 2021.

The Group continues to work to complete the workstreams and investigations required to enable the publication and filing of its 2020 annual report and accounts. Half year results to 31 March 2021 will be completed after the filing of the 2020 annual report and accounts for the financial year ended 30 September 2020.

The PCF Group would like to thank all shareholders for their patience and support during this time, and will provide further updates in due course.

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

 
 PCF Group (via Tavistock Communications)     Tel: [phone] 
  Garry Stran, Interim Chief Executive         3150 
  Officer 
  Caroline Richardson, Chief Financial 
  Officer 
 Tavistock Communications                     Tel: [phone] 
  Simon Hudson / Tim Pearson                   3150 
 Peel Hunt (Nominated Advisor and Broker)     Tel: [phone] 
  Andrew Buchanan / Rishi Shah /               8900 
  Duncan Littlejohns / Jasmine Kanish 
 Shore Capital (Joint Broker)                 Tel: [phone] 
  Henry Willcocks / Guy Wiehahn                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 continues to focus on portfolio quality and lending to the prime segments of its existing markets. The Group will continue to identify opportunities to diversify its lending products and asset classes by setting up new organic operations or through acquistion.

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

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

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

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August 03, 2021 02:00 ET (06:00 GMT)