Director/PDMR Shareholding

RNS Number : 4261Q

City of London Investment Group PLC

18 October 2019

 

18 October 2019

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.      Stable View III LP
2	Reason for the notification
a)	Position/status	1.      LP under the control of Barry Olliff
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	Transfer of shares
c)	Price(s) and volume(s)	Price No. of shares 1.      £0.00 1.      2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17 October 2019
f)	Place of the transaction	Outside a trading venue

For estate planning purposes, Barry Olliff has established a Partnership, Stable View III into which he has transferred 2 million of his shares.

He maintains voting control over these shares.

As stated previously, Barry's intention remains to sell 500,000 shares at each of 450p, 475p, and 500p subject to close periods, etc.

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

Tom Griffith, CEO

City of London Investment Group PLC

Tel: [phone]

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: [phone]

 

END

 

 

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