Distribution Finance Cap. Hldgs PLC Business Update (2560H)
31 July 2019 - 4:00PM
UK Regulatory
TIDMDFCH
RNS Number : 2560H
Distribution Finance Cap. Hldgs PLC
31 July 2019
Distribution Finance Capital Holdings plc
("DFC Holdings" or together with its subsidiary "DFC Ltd", "DFC"
or the "Company")
Trading update, Bank licence re-submission and confirmation of
half-year results publication date
The Company has had a positive first half of the year with loan
balances up 47% in H1, rising to GBP168m as at 30 June 2019. The
customer demand for DFC's products has been strong and overall the
business is trading well, with a positive trajectory continuing
into H2. This should result in a year end outcome in-line with
expectations.
On 26 July 2019, DFC had a meeting with the Prudential
Regulation Authority ("PRA") and the Financial Conduct Authority
("FCA") where it was agreed that DFC will re-submit the required
information for its licence application following final checks
within the next 10 days.
DFC's full half year results will be published on 19 September
2019, at which point the Company will give further guidance on the
licence application progress and in addition, the outlook for the
business.
Enquiries
Distribution Finance Capital Holdings plc +44 (0) 20 3937
6406
Chris Dailey, Chief Executive Officer
Gavin Morris, Chief Financial Officer
http://www.dfcapital-investors.com
Macquarie Capital (Europe) Limited (NOMAD and broker) +44 (0) 20
3037 2000
Alex Reynolds
Jonny Allison
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR"). The person
responsible for arranging release of this information on behalf of
the Company is Amelia Elson.
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 rns@lseg.com or visit www.rns.com.
END
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