16 July 2007
The London Stock Exchange is delighted to welcome International Personal Finance plc to the Main Market.
International Personal Finance (IPF) specialises in small, unsecured cash loans delivered by a network of 28,000 agents direct to customers’ homes. IPF’s success has been based upon its aim of being a leading provider of simple, fair and transparent financial products and services. These services are fast, accessible, inclusive, personal and flexible.
IPF has de-merged from Provident Financial Group plc, which was founded in 1880. Provident Financial started to expand internationally with the opening of its Polish operation in 1997.
IPF currently operates in six countries, has 1.8 million customers and employs over 5,000 people. Christopher Rodrigues, Executive Chairman of IPF, comments:
“Today is a proud day for IPF, as we start our life as an independent publicly listed company on the London Stock Exchange. The listing allows investors to make a pure investment play into the attractive and rapidly growing world of consumer finance in emerging markets, coupled with the liquidity of the Exchange and the excellent access to management afforded by a UK head office.
On behalf of the board, I would like to take this opportunity to thank all of those involved in the transaction for their hard work. We look forward to a thriving future as a plc and to extending our fruitful and successful relationship with our clients, employees, and shareholders.”