PCF Group PLC Directorate Change (7687K)
July 12 2017 - 2:00AM
UK Regulatory
TIDMPCF
RNS Number : 7687K
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 the appointment
of David Titmuss as a non-executive director with immediate effect.
Mr Titmuss will also act as Chair of the Remuneration and
Nominations Committee.
Mr Titmuss is a sales and marketing executive with a record of
achievement in customer acquisition in automotive, banking and
financial services organisations. He has held a variety of board
level and executive positions in public and private businesses
including most recently at webuyanycar.com where he was responsible
for customer marketing.
As part of the Group's authorised status as a bank, Mr Titmuss
has completed the required Prudential Regulation Authority and
Financial Conduct Authority due diligence processes.
Tim Franklin commented: "We are delighted that David Titmuss is
joining our board. His extensive sales and marketing experience
coupled with his background in financial services make David an
excellent addition to our team as we move towards creating PCF
Bank."
David Titmuss commented: "I am pleased to be joining PCF at this
time as the business is set to attract new customers through a
wider range of banking and finance products."
- 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
Appendix: disclosures required pursuant to Rule 17 and Schedule
2(g) of the AIM Rules for Companies
David John Titmuss (aged 54) has, during the past five years
been a director of the following companies:
Current Directorships Previous Directorships
or Partnerships or Partnerships
---------------------- ---------------------------
Via Groupo S.L. All In One Finance Limited
---------------------- ---------------------------
Save as set out in this announcement, there are no further
details to be disclosed under Rule 17 or Schedule 2(g) of the AIM
Rules for Companies in respect of Mr Titmuss.
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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