City Of Lon Grp PLC CIN Change of Adviser

  City Of Lon Grp PLC (CIN) - Change of Adviser

RNS Number : 3825Q
City Of London Group PLC
06 November 2012




                                      

                                      

                                   LSE: CIN

                                                              6 November 2012

                                      

              City of London Group plc ("COLG" or "the Company")

                                      



Change of Auditors



The Company announces that it has appointed BDO LLP as auditors to the
Company. This follows a competitive tender process for the selection of a new
audit firm on the recommendation of, and overseen by, the Audit and Risk
Committee. BDO LLP will be proposed for re-appointment as auditor of the
Company at the next Annual General Meeting.



Eric Anstee, Chief Executive, said:



"With our continued expansion and the need to access greater breadth of
financial services expertise, we are pleased to announce the appointment of
BDO as auditors to the Company."



In accordance with section 520 (2) of the Companies Act 2006, a letter has
been posted to shareholders.







For further information:



City of London Group plc Tel: +44 (0)20 7628 5518
Eric Anstee

John Kent
N+1 Singer               Tel: +44 (0)20 3205 7500
Jonny Franklin-Adams

Matt Thomas
FTI Consulting           Tel: +44 (0)20 7269 7132
Ed Gascoigne-Pees

















Notes to Editors

City of London Group plc (COLG) is fully listed on the London Stock Exchange
plc (LSE symbol CIN).



The Company's strategy is to build a quality Financial Services Group centred
on Specialist Financing and Alternative Fund Management. The Company believes
there are particular opportunities in the SME and professional services
sectors as major national and foreign banks limit new lending to these
borrowers. It therefore seeks to identify and exploit product niches and
business models in these sectors where they are supported by strong day to day
management teams, providing initial equity, working capital and seed funding
for those teams.



Since 2009, COLG has developed four specialist financing funds, pledging
significant seed funds to Therium Capital Management Limited, a third party
Litigation Funder, Credit Asset Management Limited and Professions Funding
Limited, which respectively provide asset backed finance to SME's and working
capital loans to professional practice firms andfinally Trade Finance
Partners Limited, a trade finance provider to the SME market.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


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