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LONDON - The City of London Investment Trust PLC, managed by Janus Henderson Fund Management UK Limited, has announced the sale of treasury shares. Today, the investment trust sold 100,000 ordinary shares at a price of 472.0p each. This transaction involved shares that the company had previously held in Treasury.
Following the sale, the total issued ordinary share capital of The City of London Investment Trust remains at 502,664,868 shares, with a nominal value of 25p per share. Out of these, 10,072,762 shares are held in Treasury, which carry no voting rights. Consequently, the shares available for voting rights calculations are 492,592,106.
The investment trust has detailed its updated voting rights structure, which includes 32,839,473 votes related to the ordinary shares, where each block of 15 shares held corresponds to one vote. Additionally, there are 30,198 votes associated with the First Preference Stock, with each £10 of stock held equating to one vote, and 29,484 votes for the Preferred Ordinary Stock, where each £20 of stock held translates to one vote. Therefore, the total voting rights in the company now stand at 32,899,155.
This figure serves as a reference for shareholders to determine whether they need to disclose changes in their holdings or notify their interest in The City of London Investment Trust PLC as per the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules.
The information provided in this article is based on a press release statement from The City of London Investment Trust PLC.
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