Last checked at 31 Dec 2019 07:00
31 December 2019
CITY OF LONDON INVESTMENT GROUP PLC
("City of London", "the Company" or "the Group")
Board Changes
As previously announced, Barry M. Olliff, Founder and Director, has retired from his executive role effective 31 December 2019, having retired from the Board of City of London Investment Management Company Limited on 1 December 2019.
The Board re-confirms that Barry has agreed to serve as an advisor to the executive team for the next two years. In addition, the Board has now asked him to complete his current term as a Non-Executive, non-independent Director on the Group Board through October 2020, in order to advise on the continued development of the business, and the Directors are pleased to announce his acceptance.
Tracy Rodrigues, Finance Director, has requested a leave of absence for family reasons and will step down from the Group Board on 31 March 2020. The Finance team is well established and will cover her duties during her absence and will report directly to Tom Griffith, CEO of the Group.
As previously announced, Carlos Yuste, Head of Business Development, will join the Group Board on 1 January 2020.
There is no further information required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules.
For further information, please visit http://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