US LNG exports surge but will buyers in China turn up?
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 trust sold 100,000 ordinary shares, each with a nominal value of 25 pence, at a price of 475.0 pence per share.
Following this transaction, the total issued share capital of the company remains at 502,664,868 ordinary shares. However, the treasury now holds 9,697,762 shares, which carry no voting rights. Consequently, the number of shares that count towards voting rights stands at 492,967,106.
The company has detailed the current voting rights distribution as follows: 32,864,473 votes for the ordinary shares, with one vote per every 15 shares held; 30,198 votes for the First Preference Stock, with one vote per every £10 of stock held; and 29,484 votes for the Preferred Ordinary Stock, with one vote per every £20 of stock held. This brings the total voting rights in the company to 32,924,155.
Shareholders may use this total voting rights figure as the denominator for calculations to determine if they need to disclose changes in their interest in The City of London Investment Trust PLC, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This sale of shares from treasury may indicate the trust’s management strategies and liquidity measures. It is a routine financial activity that provides investors and potential investors with updated information on the trust’s capital structure and voting rights. The information is based on a press release statement by The City of London Investment Trust PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.