PCF Group PLC Result of AGM (3309S)

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RNS Number : 3309S

PCF Group PLC

08 March 2019

8 March 2019

PCF Group plc

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

Result of the Annual General Meeting

The Directors of PCF are pleased to announce that, at the Company's Annual General Meeting held today, all resolutions were duly passed.

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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 
 Stockdale Securities                             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.

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March 08, 2019 06:19 ET (11:19 GMT)