Director/PDMR Shareholding

RNS Number : 9646U

City of London Investment Group PLC

25 October 2010

 



City of London Investment Group PLC (the "Company")

25 October 2010

Notification of Transactions of Persons Discharging Managerial Responsibilities

The Company would like to advise that, on Monday 25 October Barry Olliff, Chief Executive Officer, sold 500,000 Ordinary shares of 1p each ("Ordinary Shares") at a price of 400p per share. Following this purchase, Mr Olliff has an interest of 3,793,683 Ordinary Shares in the Company representing 14.44% of the Company's issued share capital.

This disposal of shares reflects Mr Olliff's stated intentions with respect to the sale of shares at given price levels, the next such sale being of 500,000 shares when a price of 450p per share can be achieved, subject as always to close periods and other regulatory requirements.

Enquiries:

Doug Allison,

Finance Director                        Tel: [phone]

 

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