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Recognise Bank Ltd
Company Name:Recognise Bank Ltd Minimum fundraise:£0.00* High Share Price Bid:£1.06
Business Sector:Finance Total Funds Bid to Date:- Low Share Price Bid:£1.06
Auction period:30 Apr 2025 - N/A Indicative Share Price:0.00 Average Share Price Bid:£1.06**
Company Details Below
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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Recognise Bank Ltd

Recognise Bank Ltd has now been witdrawn from trading on the Asset Match Private Market.

In the auction that closed on 29th April 2025, no shares traded. The lowest offer is 90 pence per share.

Please direct any queries to dealing@assetmatch.com  or Tel. 020 7248 2788

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Company info

Recognise Bank Ltd is a UK licensed bank that is focused on serving the UK SME market. It offers a range of business and personal savings products, as well as lending products that are tailored to meet the needs of the SME sector. The Bank is building on its existing technology infrastructure to develop its digital capability and enable the Bank to offer new and improved lending products and services to the SME sector.

Formerly part of City of London Group plc who were quoted on AIM (LSE: CIN) prior to the MVL and distribution to RBL.

www.recognisebank.co.uk

Auction Details

Recognise Bank Ltd was admitted to trading on Asset Match on 28 June 2023 at 106 pence per share (being the Equity Subscription price).

The first auction* is scheduled to close on 27 July 2023 at 4pm and subsequent auctions will be held quarterly thereafter (unless stated otherwise).

Participants can send orders via their exisiting broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below or alternatively by contacting dealing@assetmatch.com.

Price History (last 10)

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First Auction*
PV27, the Bank’s largest shareholder, has expressed an interest in making available up to £100,000 to bid for RBL Shares at the first auction to be held pursuant to the RBL Matched Bargain Facility. The reason for PV27 making available such monies would be to acquire small holdings of shares. Accordingly, the maximum value of any offer to sell RBL Ordinary Shares to PV27 in that first auction operated pursuant to the RBL Matched Bargain Facility will be £10,000 (or equivalent to 9,434 No. of shares).  Minority shareholders holding 500 shares or less who wish to participate will not be charged commission if dealing via shareDeal active.

Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

          - UK Participants

          A comprehensive list of brokers setup to trade is available here 

          -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.

Key People

Steve

Steve Pateman Chairman

Steve has had an extensive executive career in banking leading corporate and commercial banking businesses at RBS/NatWest, managing Santander’s UK banking businesses and as CEO of Shawbrook Bank, Hodge Banking Group and most recently successfully leading the banking licence application for StreamBank. He is a non-executive Director at Bank of Ireland both in the UK and Dublin and Thin Cats, a specialist SME lending business and is retained as an advisor to Black Lion Ventures. He was previously President of the Chartered Banker Institute. Steve took up the role of Chair (subject to regulatory approval) at Recognise Bank in November 2024, having served as an Investor Non-Executive Director since January 2024.
   
Jean

Jean Murphy Chief Executive Officer

Jean has over 25 years of banking and capital markets experience at leading global institutions. She’s an investor, entrepreneur, and founder of a successful wealth management business. She previously held senior roles at several international banks, including Director of Private Banking at Morgan Stanley and Executive Director of Goldman Sachs Wealth Management Division. Jean serves on the boards of Barts Charity and the Old Vic Endowment Trust.
   
Marina

Marina Gosling Chief Financial Officer

Marina, a highly accomplished professional in the financial services industry, joined Recognise Bank at the beginning of 2023 following a 25-year career in some of the world’s largest banking institutes. Before joining Recognise Bank, Marina spent 15 years at Goldman Sachs, the last 10 years as a Managing Director in the Investment Banking Division. Prior to that, Marina was with Deutsche Bank and BNPP in Strategic Equity and Equity Derivatives groups. She qualified (ACCA) with PwC and holds an MBA from INSEAD.
   
Simon

Simon Wainwright Non-Executive Director

Simon Wainwright holds the position of MD for the UK and Ireland, as well as COO for Europe, Middle East, and Africa at global reinsurer Reinsurance Group of America (RGA). Prior to this role, he occupied senior positions at HSBC, including CEO of HSBC Ireland, Head of Business Banking for the UK, and COO of Corporate and Structured Finance. Additionally, Simon serves as a Non-Executive Director (NED) of National Counties Building Society. Within Recognise Bank Limited, he chairs the Recognise Risk Committee and is a member of the Nomination Committe.
   
Richard

Richard Gabbertas Non-Executive Director

Richard Gabbertas, who joined KPMG in 1980 and later became a partner in 1995, brings extensive expertise in financial services to Recognise Bank. Throughout his career, he led KPMG’s Regional Financial Services Practice, offering audit and advisory services to a wide spectrum of institutions within the sector. Richard’s deep understanding of banking regulation has contributed to his significant role. Currently, Richard chairs the Audit Committee at Recognise Bank and is also a member of the Risk Committee. He is also Recognise Bank’s Consumer Duty Champion.
   
Christopher

Christopher Kraft Non-Executive Director

Christopher is Chief Commercial Officer at atomos (formerly Sanlam Wealth), a position he has held since March 2022. Previously, he was Chief Operating Officer of True Potential LLP, a financial service and technology firm servicing the IFA market in the UK. Prior to joining True Potential LLP in 2019, Christopher spent 10 years at Perella Weinberg Partners, a leading global independent investment banking firm, covering the wealth and asset management market in the UK and Europe. Christopher started his career at Lehman Brothers in London. Christopher holds a Master’s Degree from École Supérieure de Commerce de Paris (ESCP Business School). Christopher joined Recognise as an Investor Non-Executive Director in November 2024.
   
Ruth

Ruth Parasol Non-Executive Director

Ruth Parasol is a distinguished global entrepreneur and savvy investor with a remarkable self-made portfolio exceeding $1 billion. Leading an international team in Real Estate, Asset Management, and Private Equity, Ruth embarked on her entrepreneurial journey after law school in 1993, swiftly becoming a pioneer in Fintech and Gaming, including software development in India by 1995. In 2005, Ruth made history, guiding Party Gaming Plc to a monumental IPO on the LSE FTSE 100 as the world’s largest online poker room. Beyond business, Ruth passionately advocates for women’s advancement in science and technology. As Principal Benefactress of The Parasol Foundation Trust, she has committed over £40 million since 2004 to champion this cause globally. Within Recognise Bank she holds the position of Alternate Investor Non-Executive Director.