City of London Group

Announcements

announcements

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.

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 …

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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.

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 …

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