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LONDON - The City of London Investment Trust PLC (LSE:CTY) announced Monday it has sold 100,000 ordinary shares from its treasury holdings at a price of 499.5p per share.
Following the transaction, the company’s issued ordinary share capital remains at 502,664,868 shares of 25p each, with 7,772,762 shares held in treasury without voting rights. The number of ordinary shares with voting rights now stands at 494,892,106.
The trust updated its voting rights structure, which now consists of 32,992,807 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 following this transaction is 33,052,489, which shareholders may 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 information was disclosed in a regulatory filing based on a company press release statement.
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