1 Oct 2020 08:45
CITY OF LONDON GROUP PLC
("the Company")
1 October 2020
Result of Annual General Meeting ("AGM")
At the AGM of the Company held yesterday, shareholders duly passed all of the resolutions proposed.
Chairman's Statement:
Following our announcement on 10 September 2020 regarding the conditional capital raise, we are pleased to announce that the Financial Conduct Authority ("FCA") and the Prudential Regulation Authority ("PRA") have given their consent for Parasol V27 Limited (the "Investor") to undertake its subscription.
Following the receipt of these consents we are moving forward to complete the capital raise after which we expect to receive Authorisation with Restriction from the PRA for our subsidiary Recognise. We will update the market in due course with our progress.
Enquiries
City of London Group plc Michael Goldstein, Chief Executive Officer Ben Peters, Director of Investor Relations
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+44 (0)20 3988 6501 +44 (0)20 3988 6500 |
Peel Hunt LLP (Nominated Adviser and Joint Broker) | +44 (0)20 7418 8900 | |
James Britton, Rishi Shah
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finnCap Ltd (Joint Broker) | Tel. +44 (0)20 7220 0500 | |
Jonny Franklin-Adams / Anthony Adams / Kate Washington (Corporate Finance) | ||
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For media enquiries, please contact: David Masters, Lansons; DavidM@lansons.com Sarah Oppler, Lansons; SarahO@lansons.com Or email colg@lansons.com |
+44 (0)7825 427514 +44 (0)7530 627765 | |
Notes to Editors
City of London Group plc is quoted on AIM (TIDM: CIN) and is the parent company of a group which is focused on serving two key segments, the UK SME market and home reversion. Through the strength and depth of expertise in its expanding team, it is now primed for future growth through its two-pronged strategy.
www.cityoflondongroup.com