LONDON – City of London Investment Trust PLC (LSE:CTY) has announced its compliance with the Market Abuse Regulation (MAR), confirming that any privileged information that directors and the company may have had prior to the publication of its half-year results ending 31 December 2024. , were previously published through the Regulatory Information Service (RIS). The statement ensures that the Company is not limited to trading in its own securities.
Compliance with MAR by the Company is a standard procedure for preventing market manipulation and ensuring transparency of financial operations. It is a legal obligation for listed companies within the European Union, and mandates that any unpublished information that could significantly affect share prices must be disclosed to the public in order to maintain the integrity of the market.
According to the statement published today, in the event of the appearance of any privileged information in the period preceding the publication of the half-year results, the Company undertakes to inform RIS before any transactions are undertaken. This step is part of a broader effort to maintain fair and efficient markets, as well as to protect investors by providing timely and accurate information.
This announcement comes as part of the routine announcements that listed companies are required to make under financial regulations. It guarantees investors and the market that the Company operates within a legal framework designed to prevent market abuse.
City of London Investment Trust PLC, managed by Janus Henderson Fund Management UK Limited, is a well-established investment trust with a long history of managing shareholders’ investments. The Trust aims to provide long-term income and capital growth, primarily through investments in UK equities.
The information is based on a public statement and is intended to inform stakeholders and the public about the Company’s status in accordance with regulations. It is common for investment funds and other public companies to issue such statements to demonstrate their commitment to regulatory compliance and transparency in their operations.
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