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 ("PDMR") and persons closely associated with them.
City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds, has been notified that Tom Griffith, a person discharging managerial responsibilities ("PDMR"), has exercised 17,000 share options at an exercise price of £2.55 per ordinary share of £0.01 in the Company ("Ordinary Shares").
Following these transactions, Mr. Griffith's beneficial interest is 557,147 Ordinary Shares, representing approximately 1.1% 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 | Tom Griffith | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| 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 | Exercise of share options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
| e) | Date of the transaction | 14 December 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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/ James Hornigold
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20-3829-5000
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.