Share Name Share Symbol Market Type Share ISIN Share Description
City Lon.Grp LSE:CIN London Ordinary Share GB00BD9GS058 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 135.00p 130.00p 140.00p 135.00p 135.00p 135.00p 259 05:30:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 5.8 -1.1 -7.5 - 38.79

City Of London Group PLC Related Party Transaction - new rental agreement

13/07/2018 11:45am

UK Regulatory (RNS & others)


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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                +44 (0)203 005 9304 
 Michael Goldstein, CEO 
 
 Peel Hunt LLP (Nominated Adviser and 
  Broker)                                +44 (0)207 418 8900 
 James Britton 
 Rishi Shah 
 
 The PR Office (PR Adviser)              +44 (0)207 284 6969 
 Marc Cohen 
 Jonathan Garfield 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

AGRDMGMNGFZGRZM

(END) Dow Jones Newswires

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

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