REG - City of Lon Inv Grp - Director/PDMR Shareholding
RNS Number : 4866QCity of London Investment Group PLC27 October 202127 October 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 and persons closely associated with them.
Daniel Lippincott, an Executive Director and a person discharging managerial responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG), has been awarded 4,080 Restricted Share Awards (the "Award") comprising 4,080 ordinary shares of £0.01 each in the Company ("Ordinary Shares") from the Employee Benefit Trust (the "EBT") under the Group's Employee Incentive Plan (the "EIP"). Of these, 2,040 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 2,040 Ordinary Shares representing matching awards made by the Company ("Bonus Shares") under the terms of the Plan. The cost to Mr. Lippincott was £5.245 per Deferred Share and nil cost per Bonus Share. The Deferred Shares and Bonus Shares awarded under the EIP carry certain restrictions which will lift on vesting of the Award. For further details of the EIP scheme please refer to CLIG's latest annual report and accounts at https://www.clig.com/investor-reports/CoL2021AR.pdf.
Following the grant of the Award, Mr. Lippincott's beneficial interest is 253,427 Ordinary Shares, representing approximately 0.5% 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
Daniel Lippincott
2
Reason for the notification
a)
Position/status
Chief Investment Officer, Karpus Investment Management
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
Grant of an award under the Group's Employee Incentive Plan (EIP).
c)
Price(s) and volume(s)
Price
No. of shares
£5.245
Nil cost
2,040
2,040
d)
Aggregated information
- Aggregated volume
- Price
4,080 Ordinary Shares
Average price: £2.623
e)
Date of the transaction
26 October 2021
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: 001-610-380-0435
Martin Green/Pippa Hamnett
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHQDLFLFBLFFBE
Recent news on City of London Investment
See all newsREG - City of Lon Inv Grp - Director Declaration
AnnouncementREG - City of Lon Inv Grp - Trading Update
AnnouncementREG - City of Lon Inv Grp - Holding(s) in Company
AnnouncementREG - City of Lon Inv Grp - Holding(s) in Company
AnnouncementREG - City of Lon Inv Grp - Holding(s) in Company
Announcement