Business
Sale of Shareholding
Sale of Shareholding.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n City of London Investment Group PLC\n21 December 2006\n\n\n\n CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED\n\n SALE OF SHAREHOLDING IN ENR RUSSIA INVEST SA\n\n\n\nCity of London Investment Management Company Limited, a wholly owned subsidiary\nof City of London Investment Group PLC, announces that on the 14 December 2006\nCity of London Investment Management Company Limited, of 10 Eastcheap, London,\nEC3M 1LX, UK sold on behalf of it clients, its total holding of 351,075 (21.80%)\nof ENR Russia Invest SA bearer shares with a par value of CHF50 per share.\n\n\n\nCity of London Investment Management Company Limited had previously announced\nthat on the 13 November 2006 it had, on behalf of its clients, entered into a\nShare Purchase Agreement to sell its total holding. This Share Purchase\nAgreement was subject to approval from the Cypriot, Russian and Swiss Regulatory\nAuthorities. All approvals for the closing of the Share Purchase Agreement have\nbeen obtained.\n\n\n\n\n\n\n\nFor further information contact:\n\n\nClayton Gillece, Director Simon Hudson / Clemmie Carr\nCity of London Investment Management Company Tavistock Communications\nTel: 020 7711 0771 Tel: 020 7920 3150\n\n\n\n\n\nNOTES TO EDITORS\n\n\n\nCity of London is an asset management group whose principal activity is\nproviding emerging market asset management products and services predominantly\nto institutional investors via its principal operating company City of London\nInvestment Management Company Limited. The Group is based in the UK and also has\noffices in the US and Singapore. Clients include some of the US's leading blue\nchip institutions and endowment funds.\n\n\n\nWith total funds under management of approximately US$3.2 billion, the Group\nmanages several Open Ended Funds as well as a number of segregated accounts. The\nGroup's fund mandates are mainly in emerging markets, although the Group has\nmore recently diversified its asset management product portfolio by the launch\nof a natural resources fund and has also seeded three new funds: a global fund,\na frontier fund and an emerging markets yield fund. The Group seeks to provide\ncapital growth for clients through active country allocation and stock\nselection.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2568,"tagName"...