25 January 2023
(the "Company")
Result of General Meeting
City of London Group plc (AIM: CIN), announces that all resolutions put to its Shareholders at its General Meeting held earlier today were duly passed.
As a result, and following suspension of trading in the Ordinary Shares on AIM earlier today, Cancellation will become effective at 7.00 a.m. on 26 January 2023.
The expected timetable of principal events is set out below:
Event |
Date and Time |
Appointment of the Joint Liquidators |
25 January 2023 |
Cancellation becomes effective |
7.00 a.m. on 26 January 2023 |
Expected date for the distribution of RBL Shares to Shareholders pursuant to the Distribution1 |
20 February 2023 |
Expected date of satisfaction of all conditions under the Equity Subscription1 |
27 February 2023 |
1 The actual date on which the Distribution will be complete will ultimately be determined by the Joint Liquidators and is therefore subject to change. The completion of the Distribution is one of the conditions to the Equity Subscription.
Notes:
(1) The dates set out above may be adjusted by the Company in which event details of the new dates will be notified to Shareholders by announcement through a Regulatory Information Service.
(2) All of the above times refer to
Capitalised terms used but not defined in this announcement will have the same meaning given to them in the Circular dated 22 December 2022.
Ends
For further information, please contact:
City of London Group Plc |
+44 (0)20 3988 6504 |
Georgina Behrens (Group Counsel) |
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Shore Capital (Nominated Adviser and Broker) Tom Griffiths Guy Wiehahn Iain Sexton |
+44 (0)20 7408 4090
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For media enquiries, please contact: |
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Ronelle Arbib, Chief Operating Officer Recognise Bank |
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