Private & Commercial Fin Group Plc Directorate Change (2525R)
December 08 2016 - 2:00AM
UK Regulatory
TIDMPCF TIDMTTM
RNS Number : 2525R
Private & Commercial Fin Group Plc
08 December 2016
8 December 2016
Private & Commercial Finance Group plc
("PCFG", the "Company" or the "Group")
Directorate Change
PCFG, the AIM quoted finance house, announces that following the
announcement today of the preliminary results for the Group, David
Anthony is stepping down as Non-Executive Chairman and as a
director of the Company. Mr Anthony has been a Non-Executive
Director of PCFG since July 2011 and Chairman since September
2011.
Mr Anthony has been integral to the success of the Group, which
is reflected in the Preliminary results for the period to 30
September 2016 announced this morning. He meticulously oversaw the
year-on-year strengthening of the Group's balance sheet and growth
in profitability following the 2008 global financial crisis. The
Board would like to place on record its appreciation of the
contribution David has made to the Group and we wish him well in
the future.
Mr Anthony will be succeeded by Mr Tim Franklin as Chairman of
the Board.
Scott Maybury, CEO, commented: "I would like to personally thank
David for his immensely valuable contribution over many years. I am
extremely grateful for his support in guiding the Group to the
successful business we see today and I look forward to working with
Tim as we embark on the next stage of the Group's strategy."
- end -
For further information, please contact:
Private & Commercial Finance Tel: +44 (0)
Group 20 7222 2426
Scott Maybury, Chief Executive
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
/ Peter Steel - Corporate Finance
Charles Leigh-Pemberton - Corporate
Broking
About Private & Commercial Finance Group plc
(www.pcfg.co.uk)
Established in 1994, Private & Commercial Finance Group plc
is an AIM-quoted finance house which has two main operating
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 highly efficient and scalable business model,
utilising its specially developed internet-based proposal system to
service national networks of brokers and suppliers.
This information is provided by RNS
The company news service from the London Stock Exchange
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