City Of London Group PLC Related Party Transaction - new rental agreement (6153U)

TIDMCIN

RNS Number : 6153U

City Of London Group PLC

13 July 2018

City of London Group plc

("COLG" or the "Company")

Related Party Transaction

New rental agreement

The Company is planning on moving into new offices and on 13th July 2018, it entered into a rental agreement (the "Rental Agreement") with H Company 3 Limited. The new offices are at 27 Phipp Street, London EC2A 4NP and the annual rent is GBP95,000.

The Rental Agreement constitutes a related party transaction under Rule 13 of the AIM Rules as Michael Goldstein and Paul Milner are Directors of H Company 3 Limited as defined under the AIM Rules.

The independent directors of the Company, having consulted with Peel Hunt LLP in its capacity as the Company's nominated adviser for the purposes of the AIM Rules, consider the terms of the transaction to be fair and reasonable insofar as the Company's shareholders are concerned.

For further information contact:

 
 City of London Group plc                [phone] 
 Michael Goldstein, CEO 
 
 Peel Hunt LLP (Nominated Adviser and 
  Broker)                                [phone] 
 James Britton 
 Rishi Shah 
 
 The PR Office (PR Adviser)              [phone] 
 Marc Cohen 
 Jonathan Garfield 
 

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(END) Dow Jones Newswires

July 13, 2018 06:45 ET (10:45 GMT)