18 Sep 2015 10:42
18 September 2015
City of London Group plc ("COLG" or "the Company")
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The Company announces that all of the resolutions proposed at the General Meeting held earlier today were passed. A summary of the proxy votes received in advance of the meeting is as follows:
| Resolution | Votes For | % of total votes cast | Votes against | % of votes cast | Votes withheld |
1 | Authorise allotment of shares | 14,369,123 | 99.95 | 6,500 | 0.05 | 0 |
2 | Disapply pre-emption rights | 14,369,123 | 99.95 | 6,500 | 0.05 | 0 |
3 | Authorise Savoylane's participation in the subscription | 13,486,174 | 99.94 | 7,500 | 0.06 | 881,949 |
4 | Authorise the JG Estate's participation in the subscription | 11,640,871 | 99.94 | 7,500 | 0.06 | 2,727,252 |
5 | Authorise the cancellation of the Company's listing on the Official List and the application for admission to AIM | 14,369,123 | 99.95 | 6,500 | 0.05 | 0 |
6 | Approve the investing policy | 14,369,123 | 99.96 | 5,500 | 0.04 | 1,000 |
Notes:
1. The "For" vote includes those giving the Chairman discretion.
2. "Votes Withheld" are not counted when deciding whether or not a resolution is carried.
3. The total number of Ordinary Shares in issue at the date of the GM notice was 20,206,617.
In accordance with LR 9.6.2R the full text of all resolutions will be submitted to the National Storage Mechanism and will soon be available for inspection at http://www.morningstar.co.uk/uk/nsm.
Enquiries:
City of London Group plc +44 (0) 20 7628 5518
John Kent (Acting CEO)
Howard Goodbourn (Chief Financial Officer)
Peel Hunt LLP +44 (0) 20 7418 8900
James Britton
Guy Wiehahn