City of London Group

Cloud banking

Preliminary Announcement, year ending 31 March 2021

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 …

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Announcement of Capital Raising

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 …

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