City of London Investment Group PLC Director/PDMR Shareholding (4261Q)

TIDMCLIG

RNS Number : 4261Q

City of London Investment Group PLC

18 October 2019

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.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                    1. Stable View III LP 
     ----------------------  ---------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status         1. LP under the control of Barry Olliff 
     ----------------------  ---------------------------------------- 
 b)   Initial notification    Initial 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 the           Transfer of shares 
       transaction 
     ----------------------  ---------------------------------------- 
 c)   Price(s) and              Price         No. of shares 
       volume(s)                 1. GBP0.00    1. 2,000,000 
                                              -------------- 
     ----------------------  ---------------------------------------- 
 d)   Aggregated 
       information              N/A 
       - Aggregated 
       volume 
       - Price 
     ----------------------  ---------------------------------------- 
 e)   Date of the             17 October 2019 
       transaction 
     ----------------------  ---------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
     ----------------------  ----------------------------------------

For estate planning purposes, Barry Olliff has established a Partnership, Stable View III into which he has transferred 2 million of his shares.

He maintains voting control over these shares.

As stated previously, Barry's intention remains to sell 500,000 shares at each of 450p, 475p, and 500p subject to close periods, etc.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 18, 2019 08:57 ET (12:57 GMT)

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