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LONDON - City of London Investment Group PLC (LSE:CLIG) has issued a correction to its annual report for the year ended June 30, 2025, the company announced Monday in a regulatory filing.
The investment management firm has revised language in the Chairman’s Statement section of its annual report that was originally published on September 16. The correction specifically alters a paragraph discussing the five-year anniversary of CLIG’s merger with Karpus Investment Management.
According to the company, the amendment was made "following consultation with Barry Olliff, on the basis that it does not reflect his current view in relation to the Company." Olliff is a founder of the predecessor firm to City of London Investment Group.
The revised paragraph removes specific references to Barry Olliff’s role in establishing the company and no longer states that "Barry and George remain strong supporters of our teams." The corrected text now focuses primarily on the merger’s benefits to the company.
No other changes were made to the 2025 annual report, the company stated. The revised document has been made available on the company’s website and will be uploaded to the National Storage Mechanism in accordance with UK listing rules.
The company confirmed that its Annual General Meeting will proceed as scheduled on October 27, 2025, with the annual report and meeting notice to be mailed to shareholders on September 25.
The information was provided in a regulatory news service filing to the London Stock Exchange.
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