25 Apr 2022 07:00
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 £8m and £9m, 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 |