Director/PDMR Shareholding

RNS Number : 8293T

City of London Investment Group PLC

17 October 2017

 

17 October 2017

CITY OF LONDON INVESTMENT GROUP PLC

("City of London", "CLIG", "the Group" or "the Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, has been notified that Barry Olliff, the Chief Executive Officer, a person discharging managerial responsibilities ("PDMR"), has sold 50,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of £4.25 per share cum dividend.

This is in line with Barry Olliff's statement of intention to sell 250,000 Ordinary Shares at £4.25 (75,000 remaining) as reported in the CLIG 2017 Report and Accounts and announced on 18 September 2017.

Following the sale, Mr Olliff's beneficial interest is 2,100,186 Ordinary Shares, representing approximately 7.8% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.      Barry Olliff
2	Reason for the notification
a)	Position/status	1.      CEO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	City of London Investment Group plc
b)	LEI	549300BV85TFYXK2Y635
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: GB00B104RS51
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price No. of shares 1.      £4.25 1.      50,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 October 2017
f)	Place of the transaction	London Stock Exchange

For further information, please visit www.citlon.co.uk or contact:

Barry Olliff, CEO

City of London Investment Group PLC

Tel: [phone]

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: [phone]

 

END

 

 

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