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Share Name Share Symbol Market Type Share ISIN Share Description
Orchard Funding Group Plc LSE:ORCH London Ordinary Share GB00BYZFM569 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 55.00 52.00 58.00 55.00 55.00 55.00 25,000 07:34:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 3.4 1.1 3.9 14.1 11

Orchard Funding Group PLC Bank Licence Application Withdrawal

19/10/2020 7:00am

UK Regulatory (RNS & others)


Orchard Funding (LSE:ORCH)
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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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END

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(END) Dow Jones Newswires

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

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