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.

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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finnCap publishes positive COLG research note

Investment Advisor finnCap has published a positive research note relating to COLG and the prospects for Recognise, the SME focused bank and COLG subsidiary. It states: ‘All indications point to a high return on the capital in the bank, supporting future capital raises.’ To read the full finnCap published research on COLG, please click here to register.