REG - City of Lon Inv Grp - Correction: Final Results for year to 30 June 25

City of London InvestmentAnnouncement

22/09/2025 17:30

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RNS Number : 3162A  City of London Investment Group PLC  22 September 2025

City of London Investment Group PLC

22 September 2025



 CITY OF LONDON INVESTMENT GROUP PLC

("City of London" or "the Group" or "the Company" or "CLIG")
REPLACEMENT: FINAL RESULTS FOR THE YEAR TO 30TH JUNE 2025

 

 

On 16 September 2025, the Company announced its Annual Report and Financial
Statements for the year ended 30 June 2025 (the 2025 Annual Report). Following
the announcement, CLIG has revised language in the Chairman's Statement by
replacing the following paragraph from the section entitled "Happy fifth
anniversary!  Our dream merger with Karpus Investment Management" on page 6:

 

"George Karpus had a dream as an entrepreneur and in 1986 embarked on his
lifetime's passion. At the same time, Barry Olliff was planning and
establishing Olliff & Partners, the predecessor firm to City of London
Investment Group. George and Barry pursued and fulfilled their dreams over
nearly four decades - passionately leading their teams, growing their firms
and providing strong returns for clients. Five years into our relationship, I
can say with confidence that our CLIM and KIM merger made good sense and added
considerable expertise and value to CLIG. We draw confidence from this
successful integration. While Barry Olliff and George Karpus are officially
retired, we are fortunate that their teachings and philosophies are alive and
well at CLIG - and both Barry and George remain strong supporters of our
teams."

 

The paragraph has been amended from the Company's RNS announcement on 16
September 2025 following consultation with Barry Olliff, on the basis that it
does not reflect his current view in relation to the Company. The revised
language in the Chairman's Statement therefore now reads as follows:

 

"George Karpus had a dream as an entrepreneur and in 1986 embarked on his
lifetime's passion. In 1991, City of London Investment Group was
established.  Our teams pursued and fulfilled their dreams ‐ growing the
firms and providing strong returns for clients. Five years into our
relationship, I can say with confidence that our CLIM and KIM merger made good
sense and added considerable expertise and value to CLIG. We draw confidence
from this successful integration."

 

No other changes have been made the 2025 Annual Report. The Company has today
made the revised 2025 Annual Report and Notice of 2025 Annual General Meeting
available on its website, https://www.clig.co.uk/ (https://www.clig.co.uk/) .
These documents will be uploaded to the National Storage Mechanism for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)  in due course, in
accordance with UK Listing Rule 6.4.1R.

 

For access to the full corrected 2025 Annual Report, please follow the link
below:

 

http://www.rns-pdf.londonstockexchange.com/rns/3162A_1-2025-9-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3162A_1-2025-9-22.pdf)

 

The 2025 Annual Report and the Notice of AGM, which will continue to be held
on 27 October 2025, will be posted to shareholders on 25 September 2025.

 

For further information, please visit http://www.clig.co.uk/
(http://www.clig.co.uk/) or contact:

 

Rian Dartnell, Chairman

City of London Investment Group PLC

Tel: 001-203-561-0450

 

Martin Green, James Hornigold

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

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