City of London Investment Group PLC Result of AGM (5927Q)

TIDMCLIG

RNS Number : 5927Q

City of London Investment Group PLC

21 October 2019

City of London Investment Group PLC

21 October 2019

City of London Investment Group PLC

("City of London" or "the Company")

Result of AGM

City of London announces that at the Annual General Meeting of the Company held today, all resolutions were duly passed.

A breakdown of the proxy votes lodged prior to the AGM in respect of the resolutions is summarised below:

 
                  In favour*     Against   Abstain 
 Resolution 1     12,969,205           0    12,759 
 Resolution 2     12,115,563     763,447   102,954 
 Resolution 3     10,875,656   2,098,167     8,141 
 Resolution 4     12,981,964           0         0 
 Resolution 5     12,972,994           0     8,970 
 Resolution 6     12,971,510       1,484     8,970 
 Resolution 7     12,777,265     195,729     8,970 
 Resolution 8     12,776,965     196,029     8,970 
 Resolution 9     12,971,061       1,484     9,419 
 Resolution 10    12,777,335     195,659     8,970 
 Resolution 11    12,440,483     532,511     8,970 
 Resolution 12    12,972,534         460     8,970 
 Resolution 13    12,974,183           0     7,781 
 Resolution 14    12,973,723         460     7,781 
 Resolution 15    12,973,705       4,395     3,864 
 Resolution 16    12,967,802       5,192     8,970 
 Resolution 17    12,322,865     656,610     2,489 
 Resolution 18    12,966,436      15,528         0 
 Resolution 19     9,932,506   3,020,781    28,677

*Includes discretionary votes

The Board notes the shareholder response to special resolution 19 which amended the Articles of Association. In proposing the resolution, the Company was seeking to address the potential for inconsistency between the Directors' fee cap in the Articles of Association and the more detailed controls within the Directors' Remuneration Policy. The Company will engage with shareholders to determine how best to address the concerns, which could include proposing reinstatement of the Directors' fee cap in the Articles of Association.

In accordance with Listing Rule 9.6.3 (1), copies of the resolutions (other than those resolutions comprising ordinary business) have been made available for inspection on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

For further information, please visit www.citlon.co.uk or contact:

Tom Griffith (CEO)

City of London Investment Group PLC

Tel: 001 610 380 0435

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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