City of London Investment Group PLC Director/PDMR Shareholding (9531V)
November 08 2017 - 9:58AM
UK Regulatory
TIDMCLIG
RNS Number : 9531V
City of London Investment Group PLC
08 November 2017
8 November 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 Tracy Rodrigues, an Executive Director, a
person discharging managerial responsibilities ("PDMR"), has been
awarded 25,180 Restricted Share Awards (the "Award") comprising
25,180 ordinary shares of GBP0.01 each in the Company ("Ordinary
Shares") from the Employee Benefit Trust (the "EBT") under the
Company's Employee Incentive Plan (the "EIP"). Of these, 12,590
Ordinary Shares relate to an employee waived bonus ("Deferred
Shares"), with the remaining 12,590 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 GBP4.0731
per Deferred Share and nil cost per Bonus Share. The Deferred
Shares and Bonus Shares awarded under the EIP carry certain
restrictions which shall lift on vesting of the Award.
Following the grant of the Award, Ms Rodrigues' beneficial
interest is 123,399 Ordinary Shares, representing approximately
0.5% 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 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 Grant of an award under the Company's
the transaction Employee Incentive Plan (EIP) approved
by shareholders in 2016.
--- ------------------ ----------------------------------------
c) Price(s) Price No. of
and volume(s) shares
------------- -----------
1. GBP4.0731 1. 12,590
2. Nil 2. 12,590
cost
------------- -----------
--- ------------------ ----------------------------------------
d) Aggregated
information 25,180 Ordinary Shares
- Aggregated
volume Average price: GBP2.03655
- Price
--- ------------------ ----------------------------------------
e) Date of 26 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
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