Result of AGM

RNS Number : 6653N

City of London Investment Trust PLC

27 October 2016

 

HENDERSON INVESTMENT FUNDS LIMITED

THE CITY OF LONDON INVESTMENT TRUST PLC

27 October 2016

THE CITY OF LONDON INVESTMENT TRUST PLC

Annual General Meeting held on 27 October 2016

The City of London Investment Trust plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a show of hands. This included four Special Resolutions authorising:

-     the  allotment of ordinary shares for cash on a non pre-emptive basis up to a nominal value of £8,243,371 (equivalent to 10% of the issued ordinary share capital at today's date);

-     market purchases of the Company's ordinary shares up to a maximum of 14.99% of the issued ordinary share capital (equivalent to 49,427,256 ordinary shares as at today's date) at the maximum price per share (exclusive of expenses) not exceeding the higher of: i) 105% of the average middle market quotations for the five business days preceding the date of purchase; and ii) the higher of the last independent bid and the highest current independent bid on the London Stock Exchange;

-     market purchases of the preferred stock of the Company; and   

-     That a General Meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice.  

The full text of all the resolutions can be found in the Notice of Meeting, copies of which are available for viewing at www.morningstar.co.uk/uk/nsm.

For further information please contact:

Rachel Peat

For and on behalf of Henderson Secretarial Services Limited

The City of London Investment Trust plc

Tel: [phone]

Sarah Gibbons-Cook

Investor Relations and PR Manager

Henderson Investment Funds Limited

Telephone: [phone]

 

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