15 Jul 2020
City of London Investment Group (CLIG LN) - Update & KMI deal approved
What’s new: On 13 July, at its EGM, shareholders approved CLIG’s all share acquisition of Karpus Management Inc, “KMI”. On 14 July CLIG’s update confirmed it is trading “Business As Usual”, through the global pandemic. In summary:
- KMI acquisition is scheduled to complete on 1 October 2020:
- Consideration of up to 24.1m new CLIG shares (subject to adjustments reflecting client acceptances), increasing CLIG’s issued shares by 91%;
- KMI increases “diversification“, adding exposure to US bal ....
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City of London Investment Group (CLIG LN) - Update & KMI deal approved
City of London Investment Group PLC (CLIG:LON) | 328 0 0.0% | Mkt Cap: 166.2m
- Published:
15 Jul 2020 -
Author:
Robin Savage -
Pages:
7
What’s new: On 13 July, at its EGM, shareholders approved CLIG’s all share acquisition of Karpus Management Inc, “KMI”. On 14 July CLIG’s update confirmed it is trading “Business As Usual”, through the global pandemic. In summary:
- KMI acquisition is scheduled to complete on 1 October 2020:
- Consideration of up to 24.1m new CLIG shares (subject to adjustments reflecting client acceptances), increasing CLIG’s issued shares by 91%;
- KMI increases “diversification“, adding exposure to US bal ....