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LONDON - The City of London Investment Trust PLC (LON:CTY) has sold 150,000 ordinary shares from its treasury holdings at a price of 487.0p per share, according to a statement released Thursday.
Following the transaction, the company’s issued ordinary share capital remains unchanged at 502,664,868 ordinary shares of 25p each. Of these, 9,547,762 shares are held in treasury with no voting rights.
The number of ordinary shares with voting rights now stands at 493,117,106. The company’s total voting rights are calculated as 32,934,155, comprising 32,874,473 votes for ordinary shares (one vote for every 15 shares), 30,198 votes for First Preference Stock, and 29,484 votes for Preferred Ordinary Stock.
The trust indicated that shareholders may use the total voting rights figure as the denominator for calculations to determine if they need to notify their interest in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The City of London Investment Trust, which trades on the London Stock Exchange (LON:LSEG), focuses on providing income and growth through investments primarily in larger UK companies. The trust is managed by Janus Henderson Fund Management UK Limited.
The company did not disclose the reason for the treasury share sale in its statement.
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