Business
Business Update
Business Update.
About this update from Distribution Finance Capital Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 2560H Distribution Finance Cap. Hldgs PLC 31 July 2019 \n\nDistribution Finance Capital Holdings plc \n(\"DFC Holdings\" or together with its subsidiary \"DFC Ltd\", \"DFC\" or the \"Company\")\nTrading update, Bank licence re-submission and confirmation of half-year results publication date\n \nThe Company has had a positive first half of the year with loan balances up 47% in H1, rising to £168m as at 30 June 2019. The customer demand for DFC's products has been strong and overall the business is trading well, with a positive trajectory continuing into H2. This should result in a year end outcome in-line with expectations.\n \nOn 26 July 2019, DFC had a meeting with the Prudential Regulation Authority (\"PRA\") and the Financial Conduct Authority (\"FCA\") where it was agreed that DFC will re-submit the required information for its licence application following final checks within the next 10 days.\n \nDFC's full half year results will be published on 19 September 2019, at which point the Company will give further guidance on the licence application progress and in addition, the outlook for the business. \n \nEnquiries\n \nDistribution Finance Capital Holdings plc +44 (0) 20 3937 6406\nChris Dailey, Chief Executive Officer\nGavin Morris, Chief Financial Officer\nhttp://www.dfcapital-investors.com\n \nMacquarie Capital (Europe) Limited (NOMAD and broker) +44 (0) 20 3037 2000\nAlex Reynolds\nJonny Allison\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (\"MAR\"). The person responsible for arranging release of this information on behalf of the Company is Amelia Elson. \n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act...