25 July 2019
PCF Group plc
("PCF", the "Company" or the "Group")
Director Appointment
PCF, the AIM-listed specialist bank, announces the appointment of Marian Martin as a non-executive director with immediate effect.
Marian Martin is a chartered accountant with a strong background in risk management and audit. Most recently, Marian was at Virgin Money for 11 years and was Chief Risk Officer throughout a period of significant growth and strategic development of Virgin Money and its risk function, including the successful listing of Virgin Money on the London Stock Exchange. Marian was an Executive Director of the main trading companies of the Virgin Money group during this period.
Tim Franklin, Chairman of PCF, commented: "I am delighted to welcome Marian to PCF Bank. Her extensive experience in financial services and deep knowledge and understanding of retail banking will be invaluable and will complement the skills we already have in our boardroom. We are pleased to have attracted Marian and greatly look forward to working with her over the months and years ahead."
Marian Martin said "I am pleased to have the opportunity to join the PCF Board at a time of significant growth for the business. I look forward to working with the Board and the PCF team more widely to
take PCF onto the next stage of its development as a specialist, diversified bank."
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For further information, please visit https://pcf.bank/or contact: | |
PCF Group | Tel: +44 (0) 20 7222 2426 |
Scott Maybury, Chief Executive Officer | |
Robert Murray, Managing Director | |
David Bull, Finance Director | |
Tavistock Communications | Tel: +44 (0) 20 7920 3150 |
Jos Simson / Simon Hudson / Edward Lee | |
Panmure Gordon (Nominated Advisor and Joint Broker) | Tel: +44 (0) 20 7886 2500 |
Atholl Tweedie / Joanna Langley - Corporate Finance | |
James Stearns - Corporate Broking | |
Shore Capital (Joint Broker) | Tel: +44 (0) 20 7601 6100 |
Robert Finlay / Richard Johnson - Corporate Finance | |
Henry Willcocks - Corporate Broking |
Appendix: disclosures required pursuant to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies
Marian Macdonald Martin (previous names: Marian Macdonald; Marian Macdonald Watson) (aged
51) is currently, or has during the past five years been, a director of the following companies:
Current directorships or partnerships | Previous directorships or partnerships |
Topaz Finance Limited | Virgin Money Management Services Limited |
Macdonald & Martin Limited | Virgin Money Nominees Limited |
Virgin Money Personal Finance Service Limited | |
Virgin Money Unit Trust Managers Limited | |
Virgin Money PLC | |
Northern Rock Limited | |
Bank and Clients PLC | |
Virgin Card Limited | |
Challenger (Norwich) Limited |
Marian Martin has a direct interest in 14,711 ordinary shares of the Company, representing 0.01% of the Company's issued share capital.
Save as set out in this announcement, there are no further details to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.
About PCF Group plc (www.pcf.bank)
Established in 1994, PCF Group plc is the AIM-listed parent of specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio significantly, targeting an initial portfolio of £350 million by 2020 and growing to a £750 million portfolio by 2022. The Group will retain its focus on portfolio quality, lending increasingly to the prime segment of its existing finance markets. The Group has also recently diversified its lending products and asset classes through acquisition and by setting up new organic operations.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:
- Business Finance which provides finance for vehicles, plant and equipment to SMEs;
- Consumer Finance which provides finance for motor vehicles to consumers;
- Azule Limited which provides finance to the broadcast and media industry; and
- Bridging Property Finance which provides loans to companies and sole traders investing in residential property
For media enquiries please contact media@pcf.bank
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PCF Group plc published this content on 25 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2019 09:24:08 UTC