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LONDON - The City of London Investment Trust PLC (LSE:CTY) has sold 300,000 ordinary shares from its treasury holdings at a price of 500.0p per share, according to a press release statement issued Thursday.
The transaction was completed for cash, with the shares priced at 500.0p each. Following the sale, the company’s issued ordinary share capital remains at 502,664,868 ordinary shares of 25p each, with 7,972,762 shares still held in treasury without voting rights.
The number of ordinary shares to be used for calculating voting rights is now 494,692,106. The total voting rights in the company stands at 33,039,155, which includes 32,979,473 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 updated total voting rights figure as the denominator for calculations to determine if they need to notify their interest in the trust or any changes to their interest 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 has a Legal Entity Identifier of 213800F3NOTF47H6AO55.
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