Announcements
announcements
COLG announces Capital Raise of up to £30m (video presentation)
The Board of COLG (AIM:CIN) is pleased to announce today a business update and a conditional capital raise of up to £30 million to be conducted by way of a subscription and placing of new ordinary shares in the capital of COLG. COLG CEO Michael Goldstein and Recognise CEO Jason Oakley discuss this important step …
COLG announces Capital Raise of up to £30m (video presentation) Read More »
Recognise share conversion
COLG is pleased to announce that following the receipt of the Total Capital Requirement Letter announced on 23 July 2020, the minority equity interest in its subsidiary Recognise Financial Services Limited (“Recognise”), held by the Recognise management team, has been converted into ordinary shares in the Company. Read the full announcement here.
Posting of Accounts and Notice of AGM 2020
The Company announces that a letter has been posted to shareholders to notify them that the annual report and accounts for the year ended 31 March 2020 and the notice of its annual general meeting have now been published on the Company’s website at www.cityoflondongroup.com. The Annual Report can be viewed here and you can …
Preliminary Announcement 2020
The Company is pleased to announce the audited results for the year ended March 31 2020. Michael Goldstein, CEO, commented: “Given the exceptional circumstances facing the world today, I am pleased to be able to report on another year of positive activity in delivering our long-term growth strategy of serving the vital UK SME market by …
Receipt of Total Capital Requirement Letter
The Company is pleased to announce that COLG’s subsidiary, Recognise Financial Services Limited (Recognise), has received its Total Capital Requirement Letter from the Prudential Regulation Authority (PRA), which sets out the PRA’s capital and liquidity requirements for Recognise. This is a major milestone for Recognise in its application for a banking licence. Recognise now hopes …
Notice of General Meeting. Buyback and cancellation of deferred shares.
The Company announces that a circular and notice of general meeting in relation to the buyback and cancellation of deferred shares have been posted to shareholders. The Company currently has deferred shares which were issued in 2017 following a capital reorganisation effected prior to the Company’s acquisition of Milton Homes. The deferred shares are not …
Notice of General Meeting. Buyback and cancellation of deferred shares. Read More »
Business update in light of COVID-19
The Company today announces a business update. The Company has in place measures and infrastructure to allow its staff to work effectively from home over an extended period. Measures have been taken to reflect the reduction in business volumes in certain of the group businesses. COLG’s subsidiary, Recognise, is progressing with its application to the …
Appointments to Recognise subsidiary
City of London Group Plc is very pleased to announce that, its subsidiary, Recognise Financial Services Limited (“Recognise”) has announced the appointments of David Jenkins as Chief Financial Officer and Patrick Ferguson as Chief Risk Officer to the Executive team, highlighting the increasing metabolic rate of preparedness for the forthcoming SME Bank launch planned for …