City of London Group

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 …

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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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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 …

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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 …

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