Director/PDMR Shareholding

RNS Number : 5076S

City of London Investment Group PLC

03 December 2012

 

03 December 2012

 

 

CITY OF LONDON INVESTMENT GROUP PLC

("City of London" or the "Company")

Notification of Transactions of Persons Discharging Managerial Responsibilities

The Company would like to advise that, on 30 November 2012, following the Company share buyback announced on the same day, Chief Executive Officer Barry Olliff acquired 100,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 255 pence per Ordinary Share. In addition, Doug Allison, Finance Director and Chief Executive Designate, disposed of beneficial interests in 100,000 Ordinary Shares at a price of 255 pence per Ordinary Share.

The resultant beneficial and other interests of Barry Olliff and Doug Allison in the Company are shown below:

Director	Resultant holding	% of issued share capital	Options over Ordinary Shares
Barry Olliff	3,732,580	13.9%	20,000
Doug Allison	214,375	0.8%	51,000

*Doug Allison's beneficial interest is in shares which are registered in the name of his wife, Phillipa Allison.

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

Doug Allison (Finance Director)	Simon Hudson / Kelsey Traynor
City of London Investment Group Plc	Tavistock Communications
Tel: [phone]	Tel: [phone]
Martin Green
Canaccord Genuity Limited
Broker
Tel: [phone]

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