Investegate |City of London Group Announcements | City of London Group: Statement re Related Party Transaction
("COLG" or "the Company") Disposal of Acorn to Oaks Financial Services The Board of COLG (AIM:CIN) is pleased to announce that it has agreed terms to sell Acorn to Oaks Financial Services ("A2O") to Jason Oakley and his wife Claire Oakley (the "Buyers") for net consideration of £1.15 million (the "Disposal"). A2O is a financial services intermediary business focusing on SME and landlord insurance products. It was acquired by COLG in July 2018, to complement the Company's operations. COLG acquired 100% of the shares of A20 from Jason Oakley, his wife Claire Oakley, a vehicle controlled by Mr ...