City of London Investment Group PLC Publication of Supplementary Prospectus (4654Z)

TIDMCLIG

RNS Number : 4654Z

City of London Investment Group PLC

18 September 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW. PLEASE SEE THE PARAGRAPH HEADED IMPORTANT NOTICE IN THIS ANNOUNCEMENT.

This announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the UK Financial Conduct Authority and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to subscribe for or to acquire, any ordinary shares City of London Investment Group plc in any jurisdiction, including in or into the United States, Australia, Canada, Japan or the Republic of South Africa.

18 September 2020

For immediate release

CITY OF LONDON INVESTMENT GROUP PLC

("CLIG", the "Group" or the "Company")

Publication of Supplementary Prospectus

Further to the publication of the combined circular and prospectus on 12 June 2020 ("Prospectus") relating to the proposed merger (the "Merger") of CLIG with Karpus Management Inc ("KMI"), the Company announces that it has today published a supplementary prospectus ("Supplementary Prospectus") in relation to the Prospectus. The publication of the Supplementary Prospectus is a regulatory requirement under the Prospectus Regulation Rules, following the publication of the final results of the Company for the year to 30 June 2020 on 14 September 2020. The Supplementary Prospectus is supplemental to, and should be read in conjunction with, the Prospectus.

The Supplementary Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection on: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In addition, the Supplementary Prospectus will shortly be available to view on the website of the Company, https://www.citlon.com/ at the following link

https://www.citlon.com/investor-relations/investor-reports/SupplementaryProspectusSeptember2020.pdf

and for inspection in electronic form on request until completion of the Merger.

The expected date of completion of the Merger remains 1 October 2020 and may be adjusted by the Company. Any changes will be notified to Shareholders through an RIS.

All capitalised terms in this announcement but not defined herein have the meaning given to them in the Prospectus, unless otherwise defined herein.

For further information please contact:

 
 City of London Investment Group PLC 
  Tom Griffith, CEO                              (via Zeus) 
 
   Zeus Capital Limited (Financial Adviser       [phone] 
   and Broker)                                   5000 
 Martin Green, Daniel Harris 
 
  Beaumont Cornish Limited (Sponsor)           [phone] 
 Roland Cornish, Michael Cornish 
 

IMPORTANT NOTICE

The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law, and, therefore, persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction.

This announcement does not constitute an offer to sell or the solicitation of an offer to purchase securities in the United States or to any U.S. person. The Company's shares will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States. Shares in the Company will be issued in the United States to KMI stockholders in reliance on available exemptions from registration under the Securities Act and applicable state law registration requirements.

This announcement is for information purposes only and is not intended to and does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy, any shares nor any other securities in any jurisdiction. Shares will not be generally made available or marketed to the public in the UK or any other jurisdiction in connection with the Merger.

Beaumont Cornish Limited and Zeus Capital Limited (together, the "Financial Advisers"), each of which is authorised and regulated by the FCA in the United Kingdom, are each acting for the Company and for no one else in connection with the Merger, and will not regard any other person as a client in relation to the Merger and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in connection with the Merger, or any other matter, transaction or arrangement referred to in this announcement.

ENDS

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September 18, 2020 09:04 ET (13:04 GMT)