City of London Investment Group plc
("City of London" or the "Company")
Result of General Meeting
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.
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/
|
Votes For |
% |
Votes Against |
% |
Votes Total |
Votes Withheld |
|
|
Resolution 1 |
23,682,775 |
99.99 |
892 |
0.01 |
23,683,667 |
5,328 |
|
Notes: |
|
· 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. |
|
· The votes "for" include those giving the Chair of the GM discretion. |
|
· Votes "for" and "against" are expressed as a percentage of the total votes cast (excluding votes withheld). |
|
· The percentages above are rounded to two decimal places. |
|
· A vote withheld is not a vote in law and is not counted in the calculation of votes "for" or "against" a resolution. |
|
· The total number of Ordinary Shares of 1p each in the Company in issue at close of business on 25 June 2021 was 50,679,095. |
In accordance with Listing Rule 9.6.2R, copies of the resolutions comprising special business have been made available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please visit www.clig.com or contact:
Tom Griffith (CEO)
City of London Investment Group PLC
Tel: 001 610 380 0435
Martin Green/Pippa Hamnett
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
|
Roland Cornish, Michael Cornish Beaumont Cornish Limited Sponsor Tel: +44 (0) 207 628 3396 |
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