PCF Group plc announced that, as approved by shareholders at its Annual General Meeting on March 6, 2020, it will be making payment to shareholders of the dividend of 0.4 pence on April 9, 2020 (and issuing new shares pursuant to elections received under the Company's Scrip Dividend Scheme). The company clarified that, as this is a final dividend approved by shareholders at the Company's AGM on March 6, 2020, it represents a debt due to shareholders and, having taken legal advice, the Board has concluded that the Company is legally bound to pay it. The company confirmed that, pursuant to its Scrip Dividend Scheme, it has received elections to receive new ordinary shares in lieu of cash in respect of the final dividend. Election notices have been received from the holders of 1,968,157 ordinary shares of 5 pence each in the Company ("Ordinary Shares"), in aggregate, representing approximately 0.79% of the Ordinary Shares in issue on the dividend record date, March 20, 2020. Accordingly, 43,499 new Ordinary Shares ("New Shares") will be issued in satisfaction of such elections at an equivalent price of 18.1 pence per share.