TIDMORCH

RNS Number : 3980C

Orchard Funding Group PLC

19 October 2020

Orchard Funding Group PLC

19 October 2020

19 October 2020

Orchard Funding Group PLC

Bank Licence Application Withdrawal

Orchard Funding Group ("Orchard" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, announces that as a result of the current uncertain economic conditions due to COVID-19, the Company has decided to withdraw its application for a banking licence to focus on its core business activities.

For further information, please contact:

   Orchard Funding Group PLC                                                     +44 (0)1582 346 248 

Ravi Takhar, Chief Executive Officer

   Liberum (Nomad and Broker)                                                  +44 (0)20 3100 2222 

Neil Patel

Richard Bootle

For Investor Relations please go to: www.orchardfundinggroupplc.com This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

END

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October 19, 2020 02:00 ET (06:00 GMT)

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