18 Sep 2015 10:39
18 September 2015
City of London Group plc ("COLG" or "the Company")
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The Company announces that all the resolutions proposed at the Annual 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 total votes cast | Votes withheld |
1 | Receive the report and accounts | 14,126,436 | 99.96 | 5,500 | 0.04 | 0 |
2 | Approve the remuneration policy | 14,122,936 | 99.94 | 9,000 | 0.06 | 0 |
3 | Approve the remuneration report | 14,122,936 | 99.94 | 8,000 | 0.06 | 1,000 |
4 | Re-elect Andrew Crowe as a director | 11,503,936 | 99.94 | 6,500 | 0.06 | 2,621,500 |
5 | Re-elect Howard Goodbourn as a director | 14,125,436 | 99.95 | 6,500 | 0.05 | 0 |
6 | Re-elect John Kent as a director | 14,125,436 | 99.95 | 6,500 | 0.05 | 0 |
7 | Re-elect Paul Milner as a director | 14,125,436 | 99.95 | 6,500 | 0.05 | 0 |
8 | Re-appoint auditors and authorise the directors to set their fees | 14,130,936 | 99.99 | 1,000 | 0.01 | 0 |
9 | Authorise allotment of shares | 14,124,436 | 99.95 | 7,500 | 0.05 | 0 |
10 | Dis-apply pre-emption rights on share allotments | 14,124,836 | 99.96 | 6,100 | 0.04 | 1,000 |
11 | Authorise issue of shares at a discount to NAV | 14,122,336 | 99.93 | 9,600 | 0.07 | 0 |
12 | Authorise market purchase of own shares | 14,126,436 | 99.96 | 5,500 | 0.04 | 0 |
13 | Authorise convening of general meeting on 14 days' notice | 14,124,746 | 99.95 | 7,190 | 0.05 | 0 |
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 AGM notice was 20,206,617.
In accordance with LR 9.6.2R the full text of resolutions 9-13 will be submitted to the National Storage Mechanism and will 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