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City of London Investment Trust PLC Acquires Own Shares, Updates Voting Rights

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City of London Investment Trust PLC Acquires Own Shares, Updates Voting Rights

City of London Investment Trust PLC ( (GB:CTY) ) has shared an announcement.

The City of London Investment Trust PLC announced the market purchase of 499,062 of its own shares at a price of 440.81381p each, which will be held in Treasury. This transaction does not alter the total issued ordinary share capital, but adjusts the number of shares used for voting rights calculations to 492,911,862, impacting the total voting rights, now at 32,920,472. This change may affect shareholders’ notification requirements under the FCA’s Transparency Rules.

More about City of London Investment Trust PLC

The City of London Investment Trust PLC operates in the financial services industry, focusing on investment and asset management. It is known for managing a diversified portfolio of equities and securities, catering primarily to investors seeking stable returns and capital growth.

YTD Price Performance: 4.21%

Technical Sentiment Consensus Rating: Strong Sell

For a thorough assessment of CTY stock, go to TipRanks’ Stock Analysis page.

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