City of London Trust confirms commitment to regulating market abuse by Investing.com

LONDON – City of London Investment Trust PLC (LSE:CTY) has announced its compliance with the Market Abuse Regime (MAR), confirming that all inside information that directors and the company may have had prior to the half-year announcement was previously disclosed to the results ending in 31 December 2024 through the Regulatory Information Service (RIS). The announcement ensures that the company is not restricted from dealing in its 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requirement for companies listed on stock exchanges within the European Union, and stipulates the disclosure of all unpublished information that could significantly affect stock prices to the public to maintain market integrity.

According to the statement issued today, if any inside information comes to light in the period leading up to the announcement of the half-year results, the company is obligated to notify RIS before any transactions are carried out. The move is part of a broader effort to maintain fair and efficient markets, as well as protect investors by providing accurate and timely information.

This announcement comes as part of the 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.

City of London Investment Trust PLC, managed by Janus Henderson Fund Management UK Limited, is an established investment trust with a long history of managing shareholder investments. The fund aims to provide long-term income and capital growth, primarily through investment in UK stocks.

The information is based on a press release and is intended to inform stakeholders and the public of the company’s regulatory compliance status. It is common for investment funds 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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