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Business update

25 Apr 2022 07:00

RNS Number : 1301J
City of London Group PLC
25 April 2022
 

25th April 2022

CITY OF LONDON GROUP PLC

 (the "Company" or the "Group")

 

Business update

 

The board is pleased to announce that it has agreed in principle with two of the Company's shareholders, Max Barney and PV27, that they will support a capital raise by the Company. The Company is expecting to raise between ÂŁ8m and ÂŁ9m, through the exercise of existing warrants held by the shareholders and a separate subscription.

 

Further details will be announced in due course.

 

ENDS

 

For further information, please contact:

 

Enquiries

 

City of London Group plc

+44 (0)20 3988 6504

David Jenkins (Group Finance Director)

Ben Peters (Head of Investor Relations)

 

Peel Hunt LLP (Nominated Adviser and Broker)

James Britton

Rishi Shah

 

+44 (0)20 7418 8900

 

 

 

For media enquiries, please contact:

Paul Beadle, Head of Communications,

Recognise Bank

+44 (0)7801 105001

Paul.Beadle@recognisebank.co.uk

 

 

 

 

 

 

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