City of London Investment Group PLC Publication of Supplementary Prospectus (4654Z)
18 September 2020 - 11:04PM
UK Regulatory
TIDMCLIG
RNS Number : 4654Z
City of London Investment Group PLC
18 September 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH
OF ANY APPLICABLE LAW. PLEASE SEE THE PARAGRAPH HEADED IMPORTANT
NOTICE IN THIS ANNOUNCEMENT.
This announcement is an advertisement for the purposes of the
Prospectus Regulation Rules of the UK Financial Conduct Authority
and not a prospectus. This announcement does not constitute or form
part of, and should not be construed as, an offer for sale or
subscription of, or solicitation of any offer to subscribe for or
to acquire, any ordinary shares City of London Investment Group plc
in any jurisdiction, including in or into the United States,
Australia, Canada, Japan or the Republic of South Africa.
18 September 2020
For immediate release
CITY OF LONDON INVESTMENT GROUP PLC
("CLIG", the "Group" or the "Company")
Publication of Supplementary Prospectus
Further to the publication of the combined circular and
prospectus on 12 June 2020 ("Prospectus") relating to the proposed
merger (the "Merger") of CLIG with Karpus Management Inc ("KMI"),
the Company announces that it has today published a supplementary
prospectus ("Supplementary Prospectus") in relation to the
Prospectus. The publication of the Supplementary Prospectus is a
regulatory requirement under the Prospectus Regulation Rules,
following the publication of the final results of the Company for
the year to 30 June 2020 on 14 September 2020. The Supplementary
Prospectus is supplemental to, and should be read in conjunction
with, the Prospectus.
The Supplementary Prospectus has been submitted to the National
Storage Mechanism and will shortly be available for inspection on:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In
addition, the Supplementary Prospectus will shortly be available to
view on the website of the Company, https://www.citlon.com/ at the
following link
https://www.citlon.com/investor-relations/investor-reports/SupplementaryProspectusSeptember2020.pdf
and for inspection in electronic form on request until
completion of the Merger.
The expected date of completion of the Merger remains 1 October
2020 and may be adjusted by the Company. Any changes will be
notified to Shareholders through an RIS.
All capitalised terms in this announcement but not defined
herein have the meaning given to them in the Prospectus, unless
otherwise defined herein.
For further information please contact:
City of London Investment Group PLC
Tom Griffith, CEO (via Zeus)
Zeus Capital Limited (Financial Adviser +44 (0) 20 3829
and Broker) 5000
Martin Green, Daniel Harris
Beaumont Cornish Limited (Sponsor) +44 (0) 207 628 3396
Roland Cornish, Michael Cornish
IMPORTANT NOTICE
The distribution of this announcement into jurisdictions other
than the United Kingdom may be restricted by law, and, therefore,
persons into whose possession this announcement comes should inform
themselves about and observe any such restrictions. Any failure to
comply with any such restrictions may constitute a violation of the
securities laws of such jurisdiction.
This announcement does not constitute an offer to sell or the
solicitation of an offer to purchase securities in the United
States or to any U.S. person. The Company's shares will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), or the securities laws of any state of the
United States. Shares in the Company will be issued in the United
States to KMI stockholders in reliance on available exemptions from
registration under the Securities Act and applicable state law
registration requirements.
This announcement is for information purposes only and is not
intended to and does not constitute an offer to sell, or the
solicitation of an offer to subscribe for or buy, any shares nor
any other securities in any jurisdiction. Shares will not be
generally made available or marketed to the public in the UK or any
other jurisdiction in connection with the Merger.
Beaumont Cornish Limited and Zeus Capital Limited (together, the
"Financial Advisers"), each of which is authorised and regulated by
the FCA in the United Kingdom, are each acting for the Company and
for no one else in connection with the Merger, and will not regard
any other person as a client in relation to the Merger and will not
be responsible to anyone other than the Company for providing the
protections afforded to their respective clients, nor for providing
advice in connection with the Merger, or any other matter,
transaction or arrangement referred to in this announcement.
ENDS
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END
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