City of London Investment Group PLC Director/PDMR Shareholding (4935D)
October 28 2020 - 7:12AM
UK Regulatory
TIDMCLIG
RNS Number : 4935D
City of London Investment Group PLC
28 October 2020
28 October 2020
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.
Thomas Griffith, an Executive Director and a person discharging
managerial responsibilities ("PDMR") of City of London Investment
Group PLC (LSE: CLIG), has been awarded 40,120 Restricted Share
Awards (the "Award") comprising 40,120 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, 20,060 Ordinary Shares relate to an employee
waived bonus ("Deferred Shares"), with the remaining 20,060
Ordinary Shares representing matching awards made by the Company
("Bonus Shares") under the terms of the Plan. The cost to Mr.
Griffith was GBP4.028 per Deferred Share and nil cost per Bonus
Share. The Deferred Shares and Bonus Shares awarded under the EIP
carry certain restrictions which will lift on vesting of the Award.
For further details of the EIP scheme please refer to CLIG's latest
annual report and accounts at
https://www.citlon.com/investor-relations/investor-reports/CoL2020AR.pdf.
Following the grant of the Award, Mr. Griffith's beneficial
interest is 492,877 Ordinary Shares, representing approximately
1.0% 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 Thomas Griffith
--------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------- -----------------------------------------------
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 Grant of an award under the Company's Employee
transaction Incentive Plan (EIP).
--------------------- -----------------------------------------------
c) Price(s) and Price No. of shares
volume(s) GBP4.028 20,060
Nil cost 20,060
--------------
--------------------- -----------------------------------------------
d) Aggregated
information 40,120 Ordinary Shares
- Aggregated
volume Average price: GBP2.014
- Price
--------------------- -----------------------------------------------
e) Date of the 26 October 2020
transaction
--------------------- -----------------------------------------------
f) Place of the London Stock Exchange
transaction
--------------------- -----------------------------------------------
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
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END
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