The Board of COLG (AIM:CIN) is pleased to announce today a capital raise of £11.4 million through a share subscription and a raise of up to £6.9 million through an open offer of new Ordinary Shares of COLG (“Ordinary Shares”).
These changes are an important part of the Company’s approach to establishing a new UK SME bank, Recognise Bank Limited (“Recognise”), a subsidiary of the Company. Read the full announcement here. Watch the Recognise introductory video below.