City of London Group



Board changes

City of London Group Plc (AIM: CIN) announces that Colin Wagman will be retiring from his role as Non-executive Chairman of the Company on 10th June 2021. We are pleased to confirm that Philip Jenks, Chairman of COLG’s subsidiary Recognise Bank, will succeed Colin as Non-executive Chairman of COLG on 10th June 2021. Read the full announcement here.

Related party transaction A20 disposal

The Board of COLG (AIM:CIN) is pleased to announce that it has agreed terms to sell Acorn to Oaks Financial Services (“A2O”) to Jason Oakley and his wife Claire Oakley (the “Buyers”) for net consideration of £1.15 million (the “Disposal”). Read the full announcement here.

Appointment of Independent Non-Executive Directors

City of London Group plc (AIM: CIN), the parent company of Recognise Bank, is pleased to announce that Philip Jenks, Richard Gabbertas, Louise McCarthy and Moorad Choudhry (the “New Directors”) have been appointed as Independent Non-Executive Directors of the Company with immediate effect. Read the full announcement here.

Directorate Change

COLG announces that the Board has today accepted Lorraine Young’s resignation as an independent non-executive director of the Company and should like to take this opportunity to record their thanks for her service and contribution.

Completion of Capital Raise

The Board of COLG (AIM:CIN) is pleased to report that following our announcement on 10 September 2020 regarding the conditional capital raise and our further announcement on 1 October regarding regulatory consent, COLG has completed its capital raise.. Read the full announcement here.

Business update and capital raise

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. Read the full announcement here.