TIDMCIN

RNS Number : 8496N

City of London Group PLC

25 January 2023

25 January 2023

CITY OF LONDON GROUP PLC

(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   20 February 2023 
  to Shareholders pursuant to the Distribution(1) 
-------------------------------------------------  ----------------- 
 Expected date of satisfaction of all conditions    27 February 2023 
  under the Equity Subscription(1)

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 UK time.

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) 
  Email - Georgina.Behrens@recognisebank.co.uk 
 
 Shore Capital (Nominated Adviser 
  and Broker) 
  Tom Griffiths 
  Guy Wiehahn 
  Iain Sexton                                     +44 (0)20 7408 4090 
 
   For media enquiries, please contact: 
 Ronelle Arbib, Chief Operating Officer 
  Recognise Bank 
 ronelle.arbib@recognisebank.co.uk

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END

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