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

City of London InvestmentAnnouncement

27/10/2023 17:15

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RNS Number : 6045R  City of London Investment Group PLC  27 October 2023

27 October 2023

 

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.

 

Mark Dwyer, a person discharging managerial responsibilities ("PDMR") of City
of London Investment Group PLC (LSE: CLIG), has been awarded 53,270 Restricted
Share Awards (the "Award") comprising 53,270 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, 26,635
Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with
the remaining 26,635 Ordinary Shares representing matching awards made by the
Company ("Bonus Shares") under the terms of the Plan. The cost to Mr. Dwyer
was £3.304 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://clig.com/investor-reports/#results-centre-on
(https://clig.com/investor-reports/#results-centre-on) .

 

Following the grant of the Award, Mr. Dwyer's beneficial interest is 389,890
Ordinary Shares, representing approximately 0.8% 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                                                         Mark Dwyer
 2    Reason for the notification
 a)   Position/status                                              Chief Investment Officer, City of London 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  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
                                                                   £3.304     26,635

                                                                   Nil cost   26,635

 d)   Aggregated information

      - Aggregated volume                                          53,270 Ordinary Shares

      - Price

                                                                   Average price: £1.652
 e)   Date of the transaction                                      26 October 2023
 f)   Place of the transaction                                     London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

 

53,270 Ordinary Shares

 

Average price: £1.652

e)

Date of the transaction

26 October 2023

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

 

https://clig.com/investor-reports/#results-centre-on

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