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LONDON - The City of London Investment Trust PLC (LSE:CTY) sold 100,000 ordinary shares from its treasury holdings at a price of 499.5p per share, according to a press release statement issued Friday.
Following the transaction, the trust’s issued ordinary share capital remains at 502,664,868 ordinary shares of 25p each, with 7,872,762 shares held in treasury without voting rights. The number of ordinary shares with voting rights now stands at 494,792,106.
The trust updated its voting rights structure, which now consists of 32,986,140 votes for ordinary shares (one vote for every 15 shares held), 30,198 votes for First Preference Stock (one vote for every £10 of stock held), and 29,484 votes for Preferred Ordinary Stock (one vote for every £20 of stock held).
The total number of voting rights in the company is now 33,045,822, which shareholders can use as the denominator for calculations to determine if they need to notify their interest in the trust under the FCA’s Disclosure Guidance and Transparency Rules.
The City of London Investment Trust, managed by Janus Henderson Fund Management UK Limited, completed the transaction as a cash sale.
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