City of London Investment Group PLC Company share repurchases (7899V)
April 10 2019 - 7:10AM
UK Regulatory
TIDMCLIG
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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