Business
Result of General Meeting
Result of General Meeting.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5298D\n City of London Investment Group PLC\n 29 June 2021\n \n \n \n City of London Investment Group plc\n (\"City of London\" or the \"Company\")\n \n Result of General Meeting\n \n City of London announces that, at the General Meeting (\"GM\") of the Company held on 29 June 2021, the resolution set out in the Notice of GM dated 2 June 2021 was passed as a special resolution (the \"Resolution\") following a poll.\n \n The table below details votes cast on the Resolution. The Resolution pertained to the approval and authorisation of the appropriation of distributable profits in relation to interim and final dividends paid between 5 March 2007 and 22 March 2019, and the waiver and release of claims by the Company against shareholders and directors, as appropriate. For further detail please refer to the circular dated 2 June 2021, a copy of which can be found on the Company's website: https://www.clig.com/\n \n \n \n \n \n \n \n \n Votes For\n \n \n %\n \n \n Votes Against\n \n \n %\n \n \n Votes Total\n \n \n Votes Withheld\n \n \n \n \n Resolution 1\n \n \n 23,682,775\n \n \n 99.99\n \n \n 892\n \n \n 0.01\n \n \n 23,683,667\n \n \n 5,328\n \n \n \n \n \n \n \n \n \n Notes: \n \n \n \n \n \n · \n Following the completion of the merger with Karpus Management, Inc. on 1 October 2020, the Company has a \"Controlling Shareholder Group\", which has agreed to limit their voting rights to the lower of: (i) the number of shares held by them; and (ii) 24.99 per cent. of the votes cast on any resolution by all shareholders. The Controlling Shareholder Group cast votes in excess of 24.99 per cent. of the votes cast on the resolutions by all shareholders and, accordingly, the number of votes stated above as being cast \"in favour\", \"against\" and those \"withheld\" have been reduced accordingly.\n \n \n \n \n \n \n · \n The votes \"for\" include those giving the Chair of the GM discretion.\n \n \n \n \n \n \n · \n Votes \"for\" and \"against\" are expressed as a percentage of the total votes cast (excluding votes withheld).\n \n \n \n \n \n \n · \n The percentages above are rounded to two decimal places.\n \n \n \n \n \n \n · \n A vote withheld is not a vote in law and is not counted in the calculation of votes \"for\" or \"against\" a resolution.\n \n \n \n \n ...