City of London Investment Group PLC Result of General Meeting (5298D)

TIDMCLIG

RNS Number : 5298D

City of London Investment Group PLC

29 June 2021

City of London Investment Group plc

("City of London" or the "Company")

Result of General Meeting

City of London announces that, at the General Meeting ("GM") of the Company held on 29 June 2021, the resolution set out in the Notice of GM dated 2 June 2021 was passed as a special resolution (the "Resolution") following a poll.

The table below details votes cast on the Resolution. The Resolution pertained to the approval and authorisation of the appropriation of distributable profits in relation to interim and final dividends paid between 5 March 2007 and 22 March 2019, and the waiver and release of claims by the Company against shareholders and directors, as appropriate. For further detail please refer to the circular dated 2 June 2021, a copy of which can be found on the Company's website: https://www.clig.com/

 
               Votes For    %       Votes Against   %      Votes Total   Votes Withheld 
 Resolution 
  1            23,682,775   99.99   892             0.01   23,683,667    5,328 
              -----------  ------  --------------  -----  ------------  --------------- 
 
 
 Notes: 
 
        *    Following the completion of the merger with Karpus 
             Management, Inc. on 1 October 2020, the Company has a 
             "Controlling Shareholder Group", which has agreed to 
             limit their voting rights to the lower of: (i) the 
             number of shares held by them; and (ii) 24.99 per 
             cent. of the votes cast on any resolution by all 
             shareholders. The Controlling Shareholder Group cast 
             votes in excess of 24.99 per cent. of the votes cast 
             on the resolutions by all shareholders and, 
             accordingly, the number of votes stated above as 
             being cast "in favour", "against" and those 
             "withheld" have been reduced accordingly. 
 
        *    The votes "for" include those giving the Chair of the 
             GM discretion. 
 
        *    Votes "for" and "against" are expressed as a 
             percentage of the total votes cast (excluding votes 
             withheld). 
 
       *    The percentages above are rounded to two decimal 
            places. 
 
        *    A vote withheld is not a vote in law and is not 
             counted in the calculation of votes "for" or 
             "against" a resolution. 
 
        *    The total number of Ordinary Shares of 1p each in the 
             Company in issue at close of business on 25 June 2021 
             was 50,679,095.

In accordance with Listing Rule 9.6.2R, copies of the resolutions comprising special business have been made available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information, please visit www.clig.com or contact:

Tom Griffith (CEO)

City of London Investment Group PLC

Tel: 001 610 380 0435

Martin Green/Pippa Hamnett

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

 
 Roland Cornish, Michael Cornish 
  Beaumont Cornish Limited 
  Sponsor 
  Tel: +44 (0) 207 628 3396

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END

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June 29, 2021 09:53 ET (13:53 GMT)

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