REG - City of Lon Inv Grp - Director/PDMR Shareholding

City of London InvestmentAnnouncement

27/10/2022 15:30

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RNS Number : 3916E  City of London Investment Group PLC  27 October 2022

27 October 2022

 

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.

 

Thomas Griffith, an Executive Director and a person discharging managerial
responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG),
has been awarded 15,352 Restricted Share Awards (the "Award") comprising
15,352 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, 7,676 Ordinary Shares relate to an employee
waived bonus ("Deferred Shares"), with the remaining 7,676 Ordinary Shares
representing matching awards made by the Company ("Bonus Shares") under the
terms of the Plan. The cost to Mr. Griffith was £3.595 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 City of London Investment Group PLC - Investor Reports
(clig.com) (https://www.clig.com/reports.php) .

 

Following the grant of the Award, Mr. Griffith's beneficial interest is
528,397 Ordinary Shares, representing approximately 1.0% 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                                                         Thomas Griffith
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 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  Ordinary Shares of £0.01 each

      Identification code

                                                                   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
                                                                   £3.595     7,676

                                                                   Nil cost   7,676

 d)   Aggregated information

      - Aggregated volume                                          15,352 Ordinary Shares

      - Price

                                                                   Average price: £1.798
 e)   Date of the transaction                                      26 October 2022
 f)   Place of the transaction                                     London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

 

15,352 Ordinary Shares

 

Average price: £1.798

e)

Date of the transaction

26 October 2022

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

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

 

 

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