13 Nov 2012 07:00
LSE: CIN
13 November 2012
City of London Group plc ("COLG" or "the Company")
Notice of Interim Results
The Company announces that it expects to release its interim results for the six months to 30 September 2012 on Monday 19 November 2012.
There will be a presentation for analysts on the day of the results at 9.30 am London time at the Company's offices at 30 Cannon Street, London EC4M 6XH.
A copy of the presentation will be made available on the Company's website cityoflondongroup.com.
For further information:
City of London Group plc | Tel: +44 (0)20 7628 5518 |
Eric Anstee John Kent | |
N+1 Singer | Tel: +44 (0)20 7496 3000 |
Jonny Franklin-Adams Matt Thomas | |
FTI Consulting | Tel: +44 (0)20 7269 7132 |
Ed Gascoigne-Pees |
Notes to Editors
City of London Group plc (COLG) is fully listed on the London Stock Exchange plc (LSE symbol CIN).
The Company's strategy is to build a quality Financial Services Group centred on Specialist Financing and Alternative Fund Management. The Company believes there are particular opportunities in the SME and professional services sectors as major national and foreign banks limit new lending to these borrowers. It therefore seeks to identify and exploit product niches and business models in these sectors where they are supported by strong day to day management teams, providing initial equity, working capital and seed funding for those teams.
Since 2009, COLG has developed four specialist financing funds, pledging significant seed funds to Therium Capital Management Limited, a third party Litigation Funder, Credit Asset Management Limited and Professions Funding Limited, which respectively provide asset backed finance to SME's and working capital loans to professional practice firms and finally Trade Finance Partners Limited, a trade finance provider to the SME market.