REG - City of Lon Inv Grp - Director/PDMR Shareholding <Origin Href="QuoteRef">CLIG.L</Origin>

City of London InvestmentAnnouncement

12/10/2017 09:56

RNS Number : 4330T
City of London Investment Group PLC
12 October 2017
12 October 2017
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 focused on emerging markets and closed-end funds, has been notified that Barry Olliff, the Chief Executive Officer, a person discharging managerial responsibilities ("PDMR"), has sold 50,000 ordinary shares of 0.01 each in the Company ("Ordinary Shares") at a price of 4.25 per share.
This is in line with Barry Olliff's statement of intention to sell 250,000 Ordinary Shares at 4.25 (125,000 remaining) as reported in the CLIG 2017 Report and Accounts and announced on 18 September 2017.
Following the sale, Mr Olliff's beneficial interest is 2,150,186 Ordinary Shares, representing approximately 8.0% 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
1. Barry Olliff
2
Reason for the notification
a)
Position/status
1. CEO
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. 4.25
1. 50,000
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 October 2017
f)
Place of the transaction
London Stock Exchange
For further information, please visit www.citlon.co.uk or contact:
Barry Olliff, CEO
City of London Investment Group PLC
Tel: 001 215 313 3774
Martin Green
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000

This information is provided by RNS
The company news service from the London Stock Exchange
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