LONDON – The City of London Investment Trust PLC (LSE:CTY) has announced its compliance with the Market Abuse Regulation (MAR), confirming that all inside information which the Directors and the Company might have had prior to the announcement of the half-year results ending December 31, 2024, has been previously disclosed through a Regulatory Information Service (RIS). The declaration ensures that the Company is not restricted from dealing in its own securities.
The Company’s adherence to MAR is a standard procedure to prevent market manipulation and ensure transparency in financial operations. It is a legal requirement for companies listed on stock exchanges within the European Union, and it mandates that all unpublished information that could significantly affect stock prices be disclosed to the public to maintain market integrity.
According to the statement released today, should any inside information arise in the period leading up to the announcement of the half-year results, the Company is committed to notifying an 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 routine disclosures that listed companies are required to make under financial regulations. It provides investors and the market with assurances that the Company is operating within the legal framework designed to prevent market abuse.
The 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 shareholder investments. The trust aims to provide long-term growth in income and capital, primarily through investment in UK equities.
The information is based on a press release statement and is intended to inform stakeholders and the public of the Company’s regulatory compliance status. It is common for investment trusts and other publicly traded companies to issue such statements to demonstrate their commitment to regulatory compliance and transparency in their operations.
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