PCF Group PLC Directorate Change (7689K)
July 12 2017 - 2:01AM
UK Regulatory
TIDMPCF
RNS Number : 7689K
PCF Group PLC
12 July 2017
12 July 2017
PCF Group plc
("PCF", the "Company" or the "Group")
Directorate Change
PCF, the AIM-quoted specialist bank, announces that Anthony
Nelson is stepping down today as a non-executive director of the
Company, upon the appointment of Mr David Titmuss also announced
today.
Mr Nelson was a founding director and has been integral in the
Company's development. He has held the positions of Chief Executive
and Chairman during his time with the Company and thus has provided
much of the foundation for its success. Mr Nelson believes that it
is the appropriate time for him to retire and the Board would like
to place on record its appreciation of the contribution he has made
to the Group over many years.
Tim Franklin, Chairman, commented: "Tony has been an invaluable
member of the Board during his tenure, undertaking a variety of
senior roles in the company as both an executive and non-executive.
He has been unstinting in sharing his vast experience of the
business and the sector. On behalf of the board, I would like to
thank Tony for his many years of distinguished service and wish him
and his family the very best for the future."
- 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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