Holding in City of London Investment Group plc

RNS Number : 6655G

APQ Global Limited

26 November 2020

 

26 November 2020

APQ Global Limited

("APQ Global" or the "Company")

Holding in City of London Investment Group plc

APQ Global Limited, a Company based in Guernsey, announces that it has disposed of all of its holding in City of London Investment Group plc ("CLIG").

The Company held 1,680,495 ordinary shares in CLIG and the sales took place between 18 and 24 November.

The net proceeds from the sales of the CLIG shares were approximately £7.2 million (c.$9.6 million).

The Company intends to partially redeploy the proceeds in the near future and to bolster its cash position.

For further enquiries, please contact:

APQ Global Limited Bart Turtelboom	020 3478 9708
N+1 Singer - Nominated Adviser and Broker James Maxwell / Justin McKeegan	020 7496 3000
Carey Group - TISE sponsor Claire Torode	01481 737 279
Investor Relations

    [e-mail]

Notes to Editors

APQ Global Limited

APQ Global (ticker: APQ LN) is an investment company incorporated in Guernsey. The Company focuses its investment activities globally (in Asia, Latin America, Eastern Europe, the Middle East and Africa, particularly).

The objective of the Company is to steadily grow its earnings to seek to deliver attractive returns and capital growth through a combination of building growing businesses as well as earning revenue from income generating operating activities in capital markets[1]. APQ Global runs a well-diversified and liquid portfolio, as well as takes strategic minority and majority stakes in companies with a focus on emerging markets.

¹ Where we refer to revenue from income generating operating activities this relates to the revenue of our investee companies.

For more information, please visit  apqglobal.com .

 

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