31 Mar 2017 16:30
CITY OF LONDON GROUP PLC
("COLG" or "the Company")
31 March 2017
Investment update
The Board of City of London Group PLC announces an update regarding one of its investments.
Following the announcements made last year about the deterioration of its business, Trade Finance Partners Limited ("TFPL") in which the Company had an investment, has been placed into administration. This does not affect the group's current financial position as the investment had already been written down to zero in COLG's 2016 statutory accounts. The group had no exposure to TFPL beyond its investment.
For further information contact:
City of London Group plc +44 (0)20 7601 6108
Andy Crossley
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0)20 7418 8900
James Britton
Guy Wiehahn
Notes to Editors:
City of London Group plc is listed on AIM (TIDM: CIN) and is an investment company focused on providing finance to the SME sector, including professional services firms. It does this through investments in companies providing lease finance and loan finance.
www.cityoflondongroup.com