Business
Banking Licence Update
Banking Licence Update.
About this update from Orchard Funding Ltd.
[{"type":"text","content":"\n \nRNS Number : 4499X Orchard Funding Group PLC 30 April 2019 \n\n30 April 2019\n \nOrchard Funding Group PLC\nBanking Licence Update\n \nOrchard 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finance group which specialises in insurance premium finance and the professions funding market, announces that it has withdrawn its application for a banking licence.\nOrchard is conducting due diligence to determine whether it should acquire an existing bank with a licence.\nIn the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.\n \nFor further information, please contact:\nOrchard Funding Group PLC +44 (0)1582 346 248\nRavi Takhar, Chief Executive Officer\nLiberum (Nomad and Broker) +44 (0)20 3100 2222\nNeil Patel\nRichard Bootle\nLaura Hamilton \n \nFor 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.\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END UPDUKOSRKNASUAR\n ","length":2987,"tagName":"div"}]