City of London Investment Trust Announces Sale of 25p Treasury Shares, Adjusting Total Voting Rights

In an exciting twist for investors, The City of London Investment Trust PLC has announced the sale of 175,000 ordinary shares, originally held in the company’s treasury. These shares, each priced at 25p, have been sold at 437p per share. This move has created ripples in the finance world, leading to a change in the total voting rights for shareholders of the company.

The updated figure of voting rights will guide shareholders by setting a new denominator for their calculations. These calculations will discern whether they need to communicate their interest or alterations to their interest in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

This news constitutes an important development for investors and shareholders alike, offering a fresh perspective on the portfolios of those associated with The City of London Investment Trust PLC.