PCF Group PLC - Payment of Final Dividend and Issue of Equity
("PCF", the "Company" or the "Group")
Payment of Final Dividend and Issue of Equity in respect of Scrip Dividend Elections
The Company announces that, as approved by shareholders at its Annual General Meeting ("AGM") on Friday 6th
There has been much media comment on the payment of dividends by banks in recent weeks, which has resulted in an increasing number of companies cancelling their interim dividends. The Company wishes to clarify that, as this is a final dividend approved by shareholders at the Company's AGM on 6th
PCF has strong cash resources and adequate capital headroom and the size of the dividend payment does not cause any concerns for the Company. The total cash payment will be
The Group is focussed on supporting its customers and staff in this challenging environment. However, until such time as there is more certainty on the impact of COVID-19 on economic outlook, the Company is unable to provide guidance on expectations for its financial and trading performance in the current financial year.
In these unprecedented times regular communication with investors is essential and although the Company provided a trading update on 6th
Scrip Dividend Elections
The Company confirms 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. Election notices have been received from the holders of 1,968,157 ordinary shares of 5p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 0.79% of the Ordinary Shares in issue on the dividend record date, 20th
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
Following admission of the New Shares to trading on AIM, the Company will have 250,240,136 Ordinary Shares in issue, none of which are held in treasury.
The above figure of 250,240,136 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
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
For further information, please contact:
Tel: +44 (0) 20 7222 2426
Tel: +44 (0) 20 7920 3150
Tel: +44 (0) 20 7886 2500
Shore Capital (Joint Broker)
Tel: +44 (0) 20 7408 4080
Established in 1994,
• Business Finance which provides finance for vehicles, plant and equipment to SMEs;
• Consumer Finance which provides finance for motor vehicles to consumers;
• Bridging Property Finance which provides loans to companies and sole traders investing in residential property.
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 [email protected]
Recently recorded video profiles of PCF's Bridging Finance, Azule Broadcast Equipment Finance, and Savings divisions are available at the Company's profile page on the
This information is provided by RNS, the news service of the
Quick facts: PCF Group Plc
Market Cap: £46.29 m
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