PCF Group PLC Change of Company Name (8013J)
03 July 2017 - 4:00PM
UK Regulatory
TIDMPCF TIDMTTM
RNS Number : 8013J
PCF Group PLC
03 July 2017
3 July 2017
PCF Group plc
("PCF", the "Company" or the "Group")
Change of Company Name
Change of Website Address
PCF, the AIM-quoted specialist bank announces that, with
immediate effect, the name of the Company has been changed to PCF
Group plc. The stock market ticker symbol remains PCF and the
Company's ISIN is also unchanged.
The Company's website has also changed with immediate effect to
www.pcf.bank.
The purpose of this change is to better align and identify the
parent company with its 100% owned subsidiary PCF Bank Limited. PCF
Bank is the trading style of the recently authorised specialist
bank which is expected to commence savings operations later this
summer.
Further details regarding PCF Bank, its operations, strategy and
outlook are contained in the recent Interim Results which are
available on the Company's website.
- end -
For further information, please contact:
PCF Group 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 / Niall Walsh 20 7920 3150
Panmure Gordon (UK) Limited Tel: +44 (0)
Atholl Tweedie / Adam James 20 7886 2500
- Corporate Finance
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 the Bank
the Group now has the scale to increase its lending portfolio size
significantly, with target portfolio sizes of GBP350m in 2020 and
GBP750m in 2022. The Group will retain its focus on portfolio
quality, and will now have the capacity to lend to increasingly
prime segments of the finance market.
PCF Bank will offer retail savings products for individuals and
will then deploy 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, PCF will
provide both depositors and borrowers with a high level of service
and a straightforward, simple range of products tailored to suit
their needs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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