Director/PDMR Shareholding

RNS Number : 7687F
City of London Investment Group PLC
30 October 2018
 

30 October 2018

 

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.

 Tracy Rodrigues, an Executive Director and a person discharging managerial responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG), has been awarded 36,148 Restricted Share Awards (the "Award") comprising 36,148 ordinary shares of £0.01 each in the Company ("Ordinary Shares") from the Employee Benefit Trust (the "EBT") under the Company's Employee Incentive Plan (the "EIP").  Of these, 18,074 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 18,074 Ordinary Shares representing an additional award made by the Company as a reward for participating in the EIP ("Bonus Shares"). The cost to Ms Rodrigues was £3.873 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.

 Following the grant of the Award, Ms Rodrigues' beneficial interest is 177,047 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

Tracy Rodrigues

2

Reason for the notification

a)

Position/status

Finance Director

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

Grant of an award under the Company's Employee Incentive Plan (EIP) approved by shareholders in 2016.

 

c)

Price(s) and volume(s)

 Price

No. of shares

1.    £3.873

2.    Nil cost

 

1.    18,074

2.    18,074

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

36,148 Ordinary Shares

 

Average price: £1.9365

e)

Date of the transaction

26 October 2018

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHQBLFXVBFZFBX
UK 100

Latest directors dealings