REG - City of Lon Inv Grp - PDMR Shareholding

City of London InvestmentAnnouncement

29/10/2025 15:15

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RNS Number : 3745F  City of London Investment Group PLC  29 October 2025

29 October 2025

 

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
offering a range of institutional and retail products investing primarily in
closed-end funds, announces that Daniel Lippincott, a person discharging
managerial responsibilities ("PDMR") of City of London Investment Group PLC
(LSE: CLIG), has been awarded 20,592 Restricted Share Awards (the "Award")
comprising 20,592 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, 10,296 Ordinary Shares relate
to an employee waived bonus ("Deferred Shares"), with the remaining 10,296
Ordinary Shares representing matching awards made by the Company ("Bonus
Shares") under the terms of the Plan. The cost to Mr. Lippincott was £3.774
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. Lippincott's beneficial interest is
332,319 Ordinary Shares, representing approximately 0.7% 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  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
                                                                   £3.774     10,296

                                                                   Nil cost   10,296

 d)   Aggregated information

      - Aggregated volume                                          20,592 Ordinary Shares

      - Price

                                                                   Average price: £1.887
 e)   Date of the transaction                                      27 October 2025
 f)   Place of the transaction                                     London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

 

20,592 Ordinary Shares

 

Average price: £1.887

e)

Date of the transaction

27 October 2025

f)

Place of the transaction

London Stock Exchange

 

 

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

 

Rian Dartnell, Chairman

City of London Investment Group PLC

Tel: 001-203-561-0450

 

Martin Green, Louisa Waddell

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

 

 

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