Bank Licence Application Withdrawal

RNS Announcement

RNS Number : 3980C

Orchard Funding Group PLC

19 October 2020

Orchard Funding Group PLC

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.

END

This 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAPFLFISIALDLII

RNS metadata

Title: Bank Licence Application Withdrawal
Time: 07:00:07
Date: 19 Oct 2020
Category: Corporate updates
ID: 3980C