City of London Group

Recognise

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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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.

Business update and capital raise

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. 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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