City of London Investment Group PLC Director/PDMR Shareholding (8293T)
October 17 2017 - 6:37AM
UK Regulatory
TIDMCLIG
RNS Number : 8293T
City of London Investment Group PLC
17 October 2017
17 October 2017
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
50,000 ordinary shares of GBP0.01 each in the Company ("Ordinary
Shares") at a price of GBP4.25 per share cum dividend.
This is in line with Barry Olliff's statement of intention to
sell 250,000 Ordinary Shares at GBP4.25 (75,000 remaining) as
reported in the CLIG 2017 Report and Accounts and announced on 18
September 2017.
Following the sale, Mr Olliff's beneficial interest is 2,100,186
Ordinary Shares, representing approximately 7.8% 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 Initial notification
notification
/Amendment
--- ------------------ --------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00B104RS51
type of
instrument
Identification
code
--- ------------------ --------------------------------
b) Nature of Sale of shares
the transaction
--- ------------------ --------------------------------
c) Price(s) Price No. of
and volume(s) shares
------------ ----------
1. GBP4.25 1. 50,000
------------ ----------
--- ------------------ --------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--- ------------------ --------------------------------
e) Date of 16 October 2017
the transaction
--- ------------------ --------------------------------
f) Place of London Stock Exchange
the transaction
--- ------------------ --------------------------------
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
END
DSHBDLFFDBFXFBE
(END) Dow Jones Newswires
October 17, 2017 06:37 ET (10:37 GMT)
City Of London Investment (LSE:CLIG)
Historical Stock Chart
From May 2024 to Jun 2024
City Of London Investment (LSE:CLIG)
Historical Stock Chart
From Jun 2023 to Jun 2024