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Private & Commercial Finance Group PLC loan note holders opt for equity

Last updated: 01:03 05 Apr 2016 AEST, First published: 20:03 04 Apr 2016 AEST

GBP,_50s,_sized
PCF provides consumer finance to customers for motor vehicles, and business finance to small and medium-sized companies

Specialist loan group Private & Commercial Finance Group plc (LON:PCF) has received a conversion notice for £422,000 worth of notes.

The loan notes had a conversion price into shares of 8.5p compared to a current market price of 22.9p.

There remains around £956,000 worth of convertible loan notes outstanding after this transaction.

PCF provides consumer finance to customers for motor vehicles, and business finance to small and medium-sized companies for vehicles, plant and equipment.

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