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LONDON - The City of London Investment Trust PLC (LSE:CTY) has sold 100,000 ordinary shares from its treasury holdings, according to a press release statement issued Monday.
The shares were sold at a price of 498.0p per share in a cash transaction. Following the sale, the company’s issued ordinary share capital remains unchanged at 502,664,868 ordinary shares of 25p each, with 8,522,762 shares held in treasury without voting rights.
The number of ordinary shares to be used for calculating voting rights is now 494,142,106. The company’s total voting rights stand at 33,002,489, which includes 32,942,807 voting rights for ordinary shares (one vote for every 15 shares held), 30,198 for First Preference Stock (one vote for every £10 of stock held), and 29,484 for Preferred Ordinary Stock (one vote for every £20 of stock held).
The company noted that shareholders may use the 33,002,489 figure as the denominator for calculations to determine if they need to notify their interest in, or a change to their interest in, The City of London Investment Trust under the FCA’s Disclosure Guidance and Transparency Rules.
The City of London Investment Trust is managed by Janus Henderson Fund Management UK Limited.
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