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 APPBIBDBUDGBGDU -0- Nov/06/2012 07:00 GMT
City Of Lon Grp PLC CIN Change of Adviser
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