Fox Williams LLP acted for City of London Group plc

September 21, 2010

750,000 new ordinary shares were placed with a private investor raising gross proceeds of £562,500. 200,000 warrants to subscribe for new ordinary shares at 75p per share or, if higher, at net asset value were also granted to the placee. The warrants will potentially raise an additional £150,000 for COLG.

COLG is an investment company, with a wide range of national and international investments. A public company since 1986, COLG has had a full London Stock Exchange listing since August 1996.

The Group’s strategy is to seek above-average performance in growth and income via a prudent mix of low, medium and higher-risk investments. A core portfolio of income stocks, offering a high degree of security, is balanced by a higher risk portfolio, which is primarily focused on the minerals and resources sector, where the Board has particular experience.

Eric Anstee, Chief Executive of COLG said, "We are delighted that Helium and David Newton, Co-investment adviser to the fund run by ISPartners Investment Solutions have elected to make this significant investment in COLG. Given the excellent returns Helium have consistently delivered to their investors this is a significant endorsement of our investment strategy and business model. We expect to be able to contribute to their track record of investment success going forward".

Paul Osborne, Head of Corporate at Fox Williams LLP, led the transaction and was assisted by Associate Sharon O'Donnell.

Related pages:

Corporate more

Financial Services more

icons Addthis Print Contact Register


tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
View map

For more information


Paul Osborne
Senior Partner
Direct dial: +44 (0)20 7614 2503


  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze