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City of Lon Inv Grp (CLIG)

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Wednesday 14 March, 2018

City of Lon Inv Grp

Director/PDMR Shareholding

RNS Number : 7493H
City of London Investment Group PLC
14 March 2018
 

14 March 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.

 

City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, has been notified that Barry Olliff, the Chief Executive Officer, a person discharging managerial responsibilities ("PDMR"), has sold 25,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of £4.50 per share.

 

This sale of Ordinary Shares by Barry Olliff is in accordance with his intention to sell at incremental price points as reported in the CLIG 2017 Report and Accounts and announced on 18 September 2017.

 

Following the sale, Mr Olliff's beneficial interest is 2,075,186 Ordinary Shares, representing approximately 7.7% 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

1.      Barry Olliff

2

Reason for the notification

a)

Position/status

1.      CEO

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

Sale of shares

c)

Price(s) and volume(s)

 Price

No. of shares

1.      £4.50

 

1.      25,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

13 March 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 company news service from the London Stock Exchange
 
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