REG - Orchard Funding Grp - Bank Licence Application Withdrawal

Orchard FundingAnnouncement

19/10/2020 07:00

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.
 
 
 
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