City of London Group

COLG

Chief Executive Officer to step down

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 …

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Departure of Recognise CEO, New Innovation Hub

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 …

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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.

Appointment of Independent Non-Executive Directors

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.

Directorate Change

COLG announces that the Board has today accepted Lorraine Young’s resignation as an independent non-executive director of the Company and should like to take this opportunity to record their thanks for her service and contribution.