City of London Group

Update to Corporate Presentation

The board of COLG today announces a business update and has updated its corporate presentation. COLG’s subsidiary, Recognise, has submitted its latest version of the Regulated Business Plan to the PRA in relation to its application for a banking licence.

As previously indicated, COLG intends to raise new capital of between £20m and £30m to support the development of the lending business in 2019.

Read the full announcement here and see the updated presentation here.