City of London Group


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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Appointments to Recognise subsidiary

City of London Group Plc is very pleased to announce that, its subsidiary, Recognise Financial Services Limited (“Recognise”) has announced the appointments of David Jenkins as Chief Financial Officer and Patrick Ferguson as Chief Risk Officer to the Executive team, highlighting the increasing metabolic rate of preparedness for the forthcoming SME Bank launch planned for …

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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.