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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.60 | 5.44% | 31.00 | 30.00 | 32.00 | 31.50 | 30.50 | 30.50 | 63,636 | 08:13:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Brokers & Dealers | 7.86M | 1.71M | 0.0802 | 3.87 | 6.62M |
From May 2019 to May 2024
TIDMORCH
RNS Number : 4499X
Orchard Funding Group PLC
30 April 2019
30 April 2019
Orchard Funding Group PLC
Banking Licence Update
Orchard Funding Group ("Orchard" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, announces that it has withdrawn its application for a banking licence.
Orchard is conducting due diligence to determine whether it should acquire an existing bank with a licence.
In the event that Orchard does not pursue the acquisition of an existing bank it intends to re-submit its application for a banking licence in the near future.
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
Laura Hamilton
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.
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
UPDUKOSRKNASUAR
(END) Dow Jones Newswires
April 30, 2019 02:00 ET (06:00 GMT)
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