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LONDON - The City of London Investment Trust PLC (LSE:CTY) has sold 175,000 ordinary shares from its treasury holdings at a price of 500.5p per share, according to a press release statement issued Wednesday.
Following the transaction, the company’s issued ordinary share capital remains unchanged at 502,664,868 ordinary shares with a nominal value of 25p each. Of these shares, 8,722,762 are held in treasury and carry no voting rights.
The number of ordinary shares that will be used in calculating voting rights is 493,942,106. The company’s total voting rights now stand at 32,989,155, which includes 32,929,473 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 company noted that shareholders may use the total voting rights figure as the denominator for calculations to determine if they need to notify their interest or changes to their interest in the investment trust under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The City of London Investment Trust is managed by Janus Henderson Fund Management UK Limited and trades on the London Stock Exchange (LON:LSEG).
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