Business
Company share repurchases
Company share repurchases.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \nRNS Number : 7899V City of London Investment Group PLC 10 April 2019 \n\nRNS Number: 7899V\nCity of London Investment Group PLC\n10 April 2019\n \n CITY OF LONDON INVESTMENT GROUP PLC\n(\"City of London\", \"the Group\" or \"the Company\")\n \nCompany share repurchases\n \nTHIS ANNOUNCEMENT REPLACES RNS NO. 7843V RELEASED EARLIER.\n \nFurther 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.\n \nThe Share Repurchases have the sole purpose of reducing the issued ordinary share capital of the Company. \n \nAny 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. \n \nThere can be no certainty that the Company will purchase any ordinary shares under the proposed share buyback. \n \nFor further information, please visit http://www.citlon.co.uk/ or contact:\n \nTom Griffith, CEO\nCity of London Investment Group PLC\nTel: 001 610 380 0435\n \nMartin Green\nZeus Capital Limited\nFinancial Ad...