City of London Investment Group plc (LON:CLIG) has announced that it has today made available on its website, the following documents:
- Annual Report and Financial Statements for the year ended 30th June 2021 (the 2021 Annual Report); and
- Notice of 2021 Annual General Meeting (the Notice of AGM).
The above documents have been uploaded to the National Storage Mechanism, in accordance with Listing Rule 9.6.1 R, and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
The 2021 Annual Report and the Notice of AGM, which will be held on 18th October 2021, will be posted to shareholders on 17th September 2021.
The Appendix to this announcement contains additional information which has been extracted from the 2021 Annual Report for the purposes of compliance with DTR 6.3.5 only and should be read in conjunction with this announcement. Together, these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. This announcement should be read in conjunction with, and is not a substitute for reading, the full 2021 Annual Report.
SUMMARY
- Funds under Management (FuM) of US$11.4 billion (£8.3 billion) at 30th June 2021. This compares with US$5.5 billion (£4.4 billion) at the beginning of this financial year on 1st July 2020 (pre-merger)
- Net fee income was £52.5 million (2020: £31.7 million)
- Underlying profit before tax* was £26.7 million (2020: £11.5 million). Profit before tax was £22.2 million (2020: £9.4 million)
- Underlying basic earnings per share* were 48.1p (2020: 38.2p). Basic earnings per share were 39.4p (2020: 30.3p) after an effective tax charge of 24% (2020: 22%) of profit before taxation
- Increased final dividend to 22p per share (2020: 20p) payable on 29th October 2021 to shareholders on the register on 8th October 2021, making a total for the year of 33p (2020: 30p)
*This is an Alternative Performance Measure (APM). Please refer to the Financial Review for more details on APMs.
For access to the full report, please follow the link below:
http://www.rns-pdf.londonstockexchange.com/rns/4835L_1-2021-9-12.pdf
