Memorandum
To: Market Participants
From: NZX Product Operations
Date: Monday, 19 February 2024
Subject: The City of London Investment Trust PLC (“TCL”) – Suspension of Trading and Delisting
Message:
Further to the announcement made by The City of London Investment Trust PLC (“TCL”) on Monday 19 February 2024, NZX Product Operations (“NZXO”) advises that, subject to meeting certain standard delisting conditions, TCL will be delisting from the NZX Main Board (“NZSX”).
The final day of trading in TCL will be on Tuesday, 19 March 2024, with TCL ordinary shares being halted and suspended at close of business that day. Subject to meeting final standard delisting conditions, TCL ordinary shares will cease to be quoted and TCL will delist from NZX at close of business on Thursday, 21 March 2023.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
The S&P/NZX 50 Index is down 1.5% since the beginning of the year.
Pacific Edge is on a trading halt until Monday.
The downgrade comes ahead of Jan 26, when Briscoe's financial year ends.
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