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Private & Commercial Finance's open offer over-subscribed

The directors and the firm's majority shareholder waived their right to participate in the open offer

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The company has conditionally raised £10.5mln in aggregate through the placing and open offer

Private & Commercial Finance Group PLC (LON:PCF) said its recent open offer of shares was oversubscribed.

Read Private & Commercial pleased with response to fund-raising

As targeted, the company raised £500,000 from the open offer, which was in addition to the £10mln it raised from the placing of shares that was announced at the same time as the open offer.

Quick facts: PCF Group Plc

Price: 36.25 GBX

AIM:PCF
Market: AIM
Market Cap: £90.7 m
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