Inactive Instrument

CITY OF LONDON GROUP

CIN

GB00BD9GS058

City of London : Announcement of Capital Raising

August 23, 2021 at 06:34 am EDT

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 the Company. Read the full announcement here. Watch the Recognise introductory video below.

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City of London Group plc published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 10:33:01 UTC.

Latest news about CITY OF LONDON GROUP

UK shareholder meetings calendar - next 7 days	23-01-18	AN
TRADING UPDATES: City of London loss widens; Centamin secures new RCF	22-12-22	AN
City of London Group plc Reports Earnings Results for the Half Year Ended September 30, 2022	22-12-22	CI
City of London Group plc agreed to Spin-Off Recognise Bank Ltd.	22-12-21	CI
Earnings Flash (CIN.L) CITY OF LONDON GROUP Posts FY22 Revenue GBP6.9M	22-09-07	MT
Earnings Flash (CIN.L) CITY OF LONDON GROUP Reports FY22 Loss GBX-14.84	22-09-07	MT
City of London Group plc Reports Earnings Results for the Full Year Ended March 31, 2022	22-09-07	CI
City Of London Group To Raise Up To $12 Million Via Exercise Of Shareholder Warrants	22-04-25	MT
City Of London Group CEO Steps Down	22-03-22	MT
City of London Group plc Announces Resignation of Michael Goldstein as Chief Executive Officer	22-03-22	CI
City Of London Group Completes Sale Of Milton Homes	22-03-11	MT
Max Barney Investments Ltd completed the acquisition of Milton Homes Limited from City of London Group plc.	22-03-10	CI
Earnings Flash (CIN.L) CITY OF LONDON GROUP Posts Fiscal H1 Loss GBX-7.10	21-12-21	MT
Earnings Flash (CIN.L) CITY OF LONDON GROUP Reports Fiscal H1 Revenue GBP894,000	21-12-21	MT
City of London Group plc Reports Earnings Results for the Half Year Ended September 30, 2021	21-12-21	CI
City of London : UK's Financial Services Regulator Lifts Deposit Restrictions on City of London's Recognise Bank	21-09-20	MT
City of London Group : Prudential Regulation Authority Lifts Deposit Restriction on Recognise Bank	21-09-20	DJ
City of London : FY21 Loss Widens Amid Higher Costs	21-09-10	MT
City of London : Earnings Flash (CIN.L) CITY OF LONDON GROUP Posts FY21 Revenue GBP76,000	21-09-10	MT
City of London : Earnings Flash (CIN.L) CITY OF LONDON GROUP Reports FY21 Loss GBX-21.43	21-09-10	MT
Andy Crossley Steps Down from the Board of City of London Group plc	21-09-10	CI
City of London Group plc Announces Earnings Results for the Year Ended March 31, 2021	21-09-10	CI
City of London : Agrees $13 Million Disposal of Milton Homes	21-09-06	MT
Max Barney Investments Ltd agreed to acquire Milton Homes Limited from City of London Group plc for £9.3 million.	21-09-05	CI
City Of London : Raises $25 Million To Establish Banking Subsidiary	21-08-23	MT

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Company Profile

City of London Group Plc, through its subsidiary, Recognise Bank Limited (Recognise Bank), is focused on serving the United Kingdom small and medium enterprises (SMEs) market. Recognise Bank focuses on providing banking and associated financial services to the United Kingdom SME market. It offers a range of business and personal savings products, as well as lending products that are tailored to meet the needs of the SME sector. Recognise Bank operates as a relationship-led SME lending bank with offices in London, Manchester, Birmingham and Leeds. The Company subsidiaries include Property & Funding Solutions Ltd, which provides property bridging and development finance for commercial customers; Credit Asset Management Limited, which is engaged in asset backed finance and commercial loans to SMEs and Professions Funding Limited, which provides professions funding.

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Corporate Financial Services

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