Director/PDMR Shareholding

RNS Number : 6198I
City of London Investment Group PLC
14 December 2020
 

14 December 2020

 

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 ("PDMR") and persons closely associated with them.

 

City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional products investing in closed-end funds, has been notified that Liese Aling, spouse of Barry Aling, our Non-Executive Chairman, has purchased an initial holding of 20,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of £4.28 per share.

 

Following the purchase, Mr. Aling's beneficial interest is 114,300 Ordinary Shares, representing approximately 0.2% 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

Liese Aling

2

Reason for the notification

a)

Position/status

Spouse of Barry Aling, Non-Executive Chairman

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

Purchase of shares



 

c)

Price(s) and volume(s)


 Price

No. of shares


£4.28

 

20,000

d)

Aggregated information

- Aggregated volume

- Price

 

 

20,000 shares

 

£4.28

 

e)

Date of the transaction


11 December 2020

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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