announcements
City of London Group plc announces that Michael Goldstein, Chief Executive Officer, has notified the Board of his intention to step down effective from today, 22 March 2022. Mr Goldstein has been Chief Executive Officer of the Company since 2017, during which time, he has overseen the implementation of a new strategy for the Group, including the development of Recognise Bank from …
The Company announces the departure of Jason Oakley, as Chief Executive Officer of Recognise Bank Limited, the Company’s principal operating subsidiary. Jason was Co-Founder of Recognise Bank, alongside Deputy CEO, Bryce Glover. Bryce has been appointed interim CEO with immediate effect, while the Board begins the process of selecting a new CEO. The Company also …
Following FCA approval of the change in control On 6 September 2021, the Board of COLG (AIM:CIN) announced that it had signed a sale and purchase agreement for the sale of Milton Homes Limited (“Milton”) to Max Barney Investments Limited (“MBIL”) for a total consideration of £9.3 million (the “Disposal”), which was conditional on receiving …
The Company announces its unaudited interim results for the six-month period from 1 April 2021 to 30 September 2021, along with an update on business developments. Read the full announcement here.
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 2021 have been published and an Offer for Ordinary shares and Warrants to subscribe for Ordinary shares is open to them. The Annual Report can be viewed here and …
Posting of Accounts 2021 and Notice of Open Share Offer Read More »
The Company announces its audited results for the year ended 31 March 2021. CEO Michael Goldstein commented ” “The Group has made considerable progress in implementing its long-term strategy over the last 18 months. The process of re-focusing the Group’s business on banking activities is largely complete with Recognise Bank poised to become a deposit …
Preliminary Announcement, year ending 31 March 2021 Read More »
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 …
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.
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.
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.
