Director/PDMR Shareholding

RNS Number : 6239S

City of London Investment Group PLC

17 March 2021

 

17 March 2021

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 ("PDMR") and persons closely associated with them.

City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing in closed-end funds, would like to advise that our Executive Directors, Carlos Yuste, Head of Business Development, and Daniel Lippincott, Chief Investment Officer (KIM), have received an allocation of 46,000 and 20,000 share options respectively over City of London Investment Group PLC ordinary shares of £0.01 each in the Company ("Options").  The exercise price for these Options is £5.04 per share, and they are exercisable from 16 March 2024 to 15 March 2031.

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. 2. Carlos Yuste Daniel Lippincott
2	Reason for the notification
a)	Position/status	1. 2. Executive Director, Head of Business Development Executive Director, Chief Investment Officer (KIM)
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	Award of share options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. 2. Nil Nil 46,000 20,000
d)	Aggregated information - Aggregated volume - Price	66,000 share options Nil
e)	Date of the transaction	1. 2. 16 March 2021 16 March 2021
f)	Place of the transaction	London

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

Tom Griffith, CEO

City of London Investment Group PLC

Tel: [phone]

Martin Green/Pippa Hamnett

Zeus Capital Limited

Financial Adviser & Broker

Tel: [phone]

 

END

 

 

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