Director/PDMR Shareholding

RNS Number : 7674D

City of London Investment Group PLC

21 February 2020

 

21 February 2020

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 offering a range of institutional products investing in closed-end funds, has been notified that Stable View III LP, a Partnership set up by Barry Olliff, a Non-Executive Director, a person discharging managerial responsibilities ("PDMR"), has sold 110,529 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a weighted average price of £4.5224 per share.

This sale of Ordinary Shares is in accordance with Barry Olliff's intention to sell at incremental price points as reported in the CLIG 2019 Report and Accounts and announced on 16 September 2019.

Following the sale, Mr Olliff's beneficial interest is 1,914,657 Ordinary Shares, representing approximately 7.2% 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	Barry Olliff
2	Reason for the notification
a)	Position/status	Non-Executive Director
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. 2. 3. £4.5048 £4.5475 £4.5762 72,116 27,914 10,499
d)	Aggregated information - Aggregated volume - Price	110,529 shares £4.5224
e)	Date of the transaction	1. 18 February 2020 2. 19 February 2020 3. 20 February 2020
f)	Place of the transaction	London Stock Exchange

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]

 

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