City of London Investment Group PLC announced an interim dividend of 9 pence per share (2018 - 9 pence) in respect of the year ended 30th June 2019 will be paid on 22nd March 2019 to members registered at the close of business on 8th March 2019. In addition, a special dividend of 13.5 pence per share (2018 - nil) will be paid on 22nd March 2019 to members registered at the close of business on 8th March 2019.

The company announced that, alongside Barry, a number of highly experienced executives who have been immersed in the CLIG culture for many years, including Tom Griffith, who was appointed as Deputy CEO last year. He will be appointed to replace Barry as CEO with effect from 1st March 2019. In tandem with Tom's appointment, Mark Dwyer, currently CIO-EM strategies, will be promoted to Group CIO. Both will continue to serve on the Board as Executive Directors. Barry will continue to play an active executive role on the Board alongside his colleagues throughout 2019 and will remain available as a consultant to CLIG for a further two-year period in order to provide a degree of continuity to both clients and shareholders thereafter.