PCF Group PLC Director Dealing (8598V)

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RNS Number : 8598V

PCF Group PLC

26 July 2018

26 July 2018

PCF Group plc

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

Director Dealing

The Company was informed that on 25 July 2018, Tim Franklin, a director of the Company, purchased 7,363 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at a price of 33.95 pence per Ordinary Share.

Following this transaction, Mr Franklin's beneficial ownership is 90,173 Ordinary Shares, representing approximately 0.04 per cent. of PCF's issued ordinary share capital.

- end -

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

 
 PCF Group                                      Tel: +44 (0) 20 
  Scott Maybury, Chief Executive Officer         7222 2426 
  Robert Murray, Managing Director 
  David Bull, Finance Director 
 Tavistock (Financial PR and IR)                Tel: +44 (0) 20 
  Simon Hudson / Edward Lee / Jos Simson         7920 3150 
 Panmure Gordon (UK) Limited (Joint Broker      Tel: +44 (0) 20 
  and Nominated Adviser)                         7886 2500 
  Atholl Tweedie - Corporate Finance 
  Charles Leigh-Pemberton - Corporate Broking 
 Stockdale Securities (Joint Broker)            Tel: +44 (0) 20 
  Robert Finlay / Richard Johnson - Corporate    7601 6100 
  Finance 
  Henry Willcocks - Corporate Broking 
 

About PCF Group plc

Established in 1994, PCF Group plc is the AIM-listed parent of the specialist bank, PCF Bank Limited. As a bank, the Group has the capability to increase its lending portfolio significantly, with target portfolio sizes of GBP350 million in 2020 and GBP750 million in 2022. The Group will focus on portfolio quality by lending to prime segments of its existing finance markets. The Group will also seek to diversify its lending products and asset classes through acquisition.

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

   --      Consumer Finance which provides finance for motor vehicles to consumers; and 
   --      Business Finance which provides finance for vehicles, plant and equipment to SMEs. 

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]

Note: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

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   Purchase of Ordinary Shares 
     --------------------------  ------------------------------------------- 
 d)   Price(s) and volume(s)       Prices(s)      Volume(s) 
                                    33.95 pence    7,363 
                                                  ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      N/a 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     25 July 2018 
     --------------------------  ------------------------------------------- 
 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.

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July 26, 2018 04:14 ET (08:14 GMT)