Block Admission & TVR

RNS Number : 5274L

City of London Investment Group PLC

13 January 2009

 



City of London Investment Group PLC

('the Company')

Block Admission & Total Voting Rights

BLOCK ADMISSION

The Company announces that an application has been made to the London Stock Exchange for the admission to trading on AIM of a block admission of 2,470,000 Ordinary Shares of 1p each in the Company ('Ordinary Shares'). These Ordinary Shares, which will rank equally with the existing Ordinary Shares in issue, will be allotted from time to time in accordance with the exercise of options under the City of London Investment Group PLC Share Option Scheme (the 'Share Option Scheme').  The options concerned were awarded prior to the Company's Admission to AIM and are exercisable over the period to March 2016. If all the options concerned were exercised over this period, the Company's diluted number of Ordinary Shares in issue would be 27,985,500 (assuming no additional equity issuance).  The block admission is to allow the periodic exercise of these options in accordance with the rules of the Share Option Scheme.  It is expected that the block admission will become effective on 16 January 2009. In accordance with AIM Rule 29, the Company will announce any issue of shares against the block admission twice yearly, for the six monthly periods to 30 June and 31 December.

TOTAL VOTING RIGHTS

The total number of Ordinary Shares in issue as at the date of this announcement is 25,515,500. There are no Ordinary Shares held in treasury and therefore the total number of Ordinary Shares with voting rights in the Company is 25,515,000.

The above figure of 25,515,500 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

City of London Investment Group PLC

Doug Allison        Tel: [phone]

 

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