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CLIG - City Of London Investment News Story

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Last Trade - 13/12/19

Sector
Financials
Size
Small Cap
Market Cap £118.1m
Enterprise Value £107.5m
Revenue £31.9m
Position in Universe 936th / 1841

City of Lon Inv Grp - Result of AGM

Mon 21st October, 2019 3:18pm
RNS Number : 5927Q
City of London Investment Group PLC
21 October 2019
 

 

 

 

City of London Investment Group PLC

21 October 2019

 

 

 

City of London Investment Group PLC

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

 

Result of AGM

 

City of London announces that at the Annual General Meeting of the Company held today, all resolutions were duly passed.

 

A breakdown of the proxy votes lodged prior to the AGM in respect of the resolutions is summarised below:

 

 

In favour*

Against

Abstain

Resolution 1

12,969,205

0

12,759

Resolution 2

12,115,563

763,447

102,954

Resolution 3

10,875,656

2,098,167

8,141

Resolution 4

12,981,964

0

0

Resolution 5

12,972,994

0

8,970

Resolution 6

12,971,510

1,484

8,970

Resolution 7

12,777,265

195,729

8,970

Resolution 8

12,776,965

196,029

8,970

Resolution 9

12,971,061

1,484

9,419

Resolution 10

12,777,335

195,659

8,970

Resolution 11

12,440,483

532,511

8,970

Resolution 12

12,972,534

460

8,970

Resolution 13

12,974,183

0

7,781

Resolution 14

12,973,723

460

7,781

Resolution 15

12,973,705

4,395

3,864

Resolution 16

12,967,802

5,192

8,970

Resolution 17

12,322,865

656,610

2,489

Resolution 18

12,966,436

15,528

0

Resolution 19

9,932,506

3,020,781

28,677

*Includes discretionary votes

 

 

The Board notes the shareholder response to special resolution 19 which amended the Articles of Association. In proposing the resolution, the Company was seeking to address the potential for inconsistency between the Directors' fee cap in the Articles of Association and the more detailed controls within the Directors' Remuneration Policy.  The Company will engage with shareholders to determine how best to address the concerns, which could include proposing reinstatement of the Directors' fee cap in the Articles of Association.

 

In accordance with Listing Rule 9.6.3 (1), copies of the resolutions (other than those resolutions comprising ordinary business) have been made available for inspection on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

 

 

For further information, please visit www.citlon.co.uk or contact:

 

Tom Griffith (CEO)

City of London Investment Group PLC

Tel: 001 610 380 0435

 

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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