Performance Share Award & Deferred Bonus Award

Summary by AI BETAClose X

City of London Investment Group PLC announced on October 1, 2026, that its Chief Executive Officer, Cooper Abbott, was granted a Performance Share Award of 110,704 ordinary shares and a Deferred Bonus Award of 27,128 ordinary shares on September 30, 2026, under the company's Long Term Incentive Plan. The Performance Share Award vests after three years, contingent on continued service and achieving specific EPS growth and investment performance targets by June 30, 2029, with a two-year post-vesting holding period. The Deferred Bonus Award vests in three equal tranches over three years, subject to continued service.

Disclaimer*

City of London Investment Group PLC
01 October 2026
 

RNS Number: 0710X

City of London Investment Group PLC

1 October 2026

 

 

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.

 

Grant of Performance Share Award and Deferred Bonus Award

 

City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products announces that on 30 September 2026, the following Awards over ordinary shares of £0.01 each in the Company (“Ordinary Shares”) were granted under the City of London Investment Group PLC Long Term Incentive Plan to the following person discharging managerial responsibilities:

 

PDMR

Position

No. of Ordinary Shares over which the Award was granted

Award Type

Cooper Abbott

Chief Executive Officer

110,704

Performance Share Award

Cooper Abbott

Chief Executive Officer

27,128

Deferred Bonus Award

 

The Performance Share Award has a normal vesting date of the third anniversary of its grant and is subject to continued service (save for good leaver treatment) and performance conditions.

 

The performance conditions metrics and associated sliding scale targets relate to underlying EPS growth (70% weighting) and investment performance relative to a benchmark (30% weighting) in respect of a measurement period of three financial years ending on 30 June 2029.

 

Further details of the performance conditions are disclosed in the current Directors’ Remuneration Report.

 

The Performance Share Award is subject to a two-year post holding period in respect of vested shares on a net of tax basis.

 

The Deferred Bonus Award comprises three equal parts that shall vest on the first, second and third anniversary of the grant of the Deferred Bonus Award respectively subject to continued service (save for good leaver treatment) through to the associated vesting date.

 

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

  1. Cooper Abbott
  2. Cooper Abbott

 

2

Reason for the notification

a)

Position/status

  1. Chief Executive Officer
  2. Chief Executive Officer

 

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 a Performance Share Awards and a Deferred Bonus Award under City of London Investment Group PLC Long Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

  1. Nil
  2. Nil

 

  1. 110,704
  2. 27,128

 

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable single transactions

Nil

 

e)

Date of the transaction

30 September 2026

f)

Place of the transaction

Outside of a trading venue

 

- Ends -

 

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

 

Cooper Abbott, CEO

City of London Investment Group PLC

Tel: 001-610-380-2110

 

Charles Leigh-Pemberton, James Todd, Patrick Weaver

Singer Capital Markets

Financial Adviser & Broker

Tel: +44 (0)20-7496-3000

 

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