Banking Licence Update

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finance group which specialises in insurance premium finance and the professions funding market, announces that it has withdrawn its application for a banking licence.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                                                    [phone]

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker)                                                 [phone]

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.

 

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