City Of London Group PLC Investment update (2438B)
March 31 2017 - 11:30AM
UK Regulatory
TIDMCIN
RNS Number : 2438B
City Of London Group PLC
31 March 2017
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBUGDXCDXBGRB
(END) Dow Jones Newswires
March 31, 2017 11:30 ET (15:30 GMT)
City Of London (LSE:CIN)
Historical Stock Chart
From Apr 2024 to May 2024
City Of London (LSE:CIN)
Historical Stock Chart
From May 2023 to May 2024