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CLIG City Of London Investment Group Plc

315.00
-1.00 (-0.32%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
City Of London Investment Group Plc LSE:CLIG London Ordinary Share GB00B104RS51 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.32% 315.00 307.00 323.00 315.00 315.00 315.00 16,997 13:47:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 58.48M 14.74M 0.2908 10.83 159.64M

City of London Investment Group PLC Company share repurchases (7899V)

10/04/2019 12:10pm

UK Regulatory


City Of London Investment (LSE:CLIG)
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RNS Number : 7899V

City of London Investment Group PLC

10 April 2019

RNS Number: 7899V

City of London Investment Group PLC

10 April 2019

CITY OF LONDON INVESTMENT GROUP PLC

("City of London", "the Group" or "the Company")

Company share repurchases

THIS ANNOUNCEMENT REPLACES RNS NO. 7843V RELEASED EARLIER.

Further to the general authority granted at the Company's Annual General Meeting held on 22nd October 2018 (the "2018 AGM") to make share repurchases of up to 10 per cent. of the issued ordinary share capital of the Company (being up to 2,668,671 ordinary shares), City of London Investment Group PLC announces its intention, while current market circumstances prevail, to buy back its ordinary shares ("Share Repurchases") using its existing cash resources, for cancellation.

The Share Repurchases have the sole purpose of reducing the issued ordinary share capital of the Company.

Any Share Repurchases will be effected on the London Stock Exchange in accordance with the authority granted by shareholders at the 2018 AGM and Chapter 12 of the FCA's Listing Rules and the Company will make further announcements in due course following the completion of any Share Repurchases.

There can be no certainty that the Company will purchase any ordinary shares under the proposed share buyback.

For further information, please visit http://www.citlon.co.uk/ or contact:

Tom Griffith, CEO

City of London Investment Group PLC

Tel: 001 610 380 0435

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

April 10, 2019 07:10 ET (11:10 GMT)

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