PCF Group PLC Scrip Dividend Elections Issue of Equity (3789J)
March 29 2018 - 2:56AM
UK Regulatory
TIDMPCF
RNS Number : 3789J
PCF Group PLC
29 March 2018
29 March 2018
PCF Group plc
("PCFG", the "Company" or the "Group")
Scrip Dividend Elections
Issue of Equity
The Company announces that, pursuant to its Scrip Dividend
Scheme, it has received elections to receive new ordinary shares in
lieu of cash in respect of the final dividend payment due on 6(th)
April 2018. Election notices have been received from the holders of
1,640,492 ordinary shares of 5p each in the Company ("Ordinary
Shares"), in aggregate, representing approximately 0.77% of the
Ordinary Shares in issue on 16(th) March 2018. Accordingly, 9,747
new Ordinary Shares ("New Shares") will be issued in satisfaction
of such elections at an equivalent price of 31.96p per share.
Application has been made for the New Shares to be admitted to
trading on AIM and it is expected that admission will take place at
8.00 a.m. on 5(th) April 2018. The New Shares will rank pari passu
with the existing Ordinary Shares.
Following admission of the New Shares to trading on AIM, the
Company will have 212,229,525 Ordinary Shares in issue, none of
which are held in treasury.
The above figure of 212,229,525 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure, Guidance and Transparency Rules.
- end -
For further information, please contact:
PCF Group plc Tel: +44 (0)
Scott Maybury, Chief Executive 20 7222 2426
Officer
Robert Murray, Managing Director
David Bull, Finance Director
Tavistock Communications Tel: +44 (0)
Jos Simson / Andrew Dunn 20 7920 3150
Panmure Gordon (UK) Limited Tel: +44 (0)
Atholl Tweedie - Corporate Finance 20 7886 2500
Charles Leigh-Pemberton - Corporate
Broking
Stockdale Securities Tel: +44 (0)
Robert Finlay / Richard Johnson 20 7601 6100
- Corporate 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. With the advent of a banking
operation, the Group now 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 retain
its focus on portfolio quality and has the capability to lend
increasingly 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 media@pcf.bank
This information is provided by RNS
The company news service from the London Stock Exchange
END
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