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finance group which specialises in insurance premium finance and the professions funding market, announces that it has withdrawn its application for a banking licence.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 +44 (0)1582 346 248
Ravi Takhar, Chief Executive Officer
Liberum (Nomad and Broker) +44 (0)20 3100 2222
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.
