City of London Investment Trust PLC ( (GB:CTY) ) just unveiled an update.
The City of London Investment Trust PLC has executed a market purchase of 335,000 of its own shares at a price of 440.485p each, in line with the authority granted at its October 2024 Annual General Meeting. These shares will be held in Treasury, and the move affects the calculation of voting rights, which now total 32,891,269. This action reflects the Trust’s ongoing efforts to manage its share capital effectively, impacting the denominator for shareholders when notifying interest changes under the FCA’s rules.
More about City of London Investment Trust PLC
City of London Investment Trust PLC operates in the financial services industry, focusing on investment management. The company primarily offers investment trust services, providing shareholders with diversified exposure to UK equities, and focusing on long-term capital growth and income.
YTD Price Performance: 4.40%
Technical Sentiment Consensus Rating: Strong Sell
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