City of London Investment Group PLC BOARD CHANGES (8631A)
26 Mai 2023 - 4:54PM
UK Regulatory
TIDMCLIG
RNS Number : 8631A
City of London Investment Group PLC
26 May 2023
City of London Investment Group PLC
26 May 2023
CITY OF LONDON INVESTMENT GROUP PLC
("City of London", "the Group" or "the Company")
BOARD CHANGES
City of London (LSE: CLIG) announces, in accordance with LR
9.6.11R, that George Karpus, a non-executive Director of the
Company, has indicated his intention to retire as a Director of the
Company immediately following the Company's Board meeting on 31
July 2023.
Mr. Karpus joined the Board following the Company's merger with
Karpus Investment Management in October 2020. It was initially
intended for Mr. Karpus's appointment as a non-executive Director
to continue until the Company's AGM in 2021, and the Board
unanimously approved the extension of his tenure for an additional
period to support the integration of the two businesses. Whilst Mr.
Karpus will be stepping down from his Director role, the Company
will retain Mr. Karpus as a strategic advisor to the Board.
Barry Aling, Chairman, commented: "George's success in
developing the Karpus business from its launch in 1986 to a firm
today with an estimated US$3.4 billion of funds under management,
is testament to his strong leadership skills and strategic acumen.
Since joining the Board following completion of the Company's
merger with Karpus, the Board has benefitted greatly from his
extensive experience of the asset management industry. The Board
looks forward to continued engagement with George in his role as
strategic advisor to the Board and as a significant shareholder in
the Company."
George Karpus commented, "I have enjoyed my time on the Board of
CLIG and look forward to supporting the
Company in the future as the management works to add value for
clients, shareholders and employees."
Tom Griffith, CEO, commented, "I would like to thank George for
his contributions to the business and look forward to his counsel
on strategic matters."
Tom Griffith, CEO
City of London Investment Group PLC
Tel: 001-610-380-0435
Martin Green, James Hornigold
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOASEDFLMEDSEII
(END) Dow Jones Newswires
May 26, 2023 10:54 ET (14:54 GMT)
City of London Investment (AQSE:CLIG.GB)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
City of London Investment (AQSE:CLIG.GB)
Historical Stock Chart
Von Dez 2023 bis Dez 2024