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9 Sep 2020 09:13
CITY OF LONDON GROUP PLC
("COLG" or the "Company")
Director/PDMR Shareholding
As announced by the Company on 4th September 2020, the minority equity interest in its subsidiary Recognise Financial Services Limited ("Recognise"), held by the Recognise management team, has been converted into ordinary shares in the Company. This was triggered by the receipt of the Total Capital Requirement Letter announced on 23 July 2020 as per the agreement entered into on 31 January 2018.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jason Oakley | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO, Recognise | ||||
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 Group Plc | ||||
b)
| LEI
| 2138003UW63TMQ5ZFD85 | ||||
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 in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Receipt of 2,800,000 ordinary shares in the Company.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
2,800,000 ordinary shares in the Company
N/A | ||||
e)
| Date of the transaction
| 4 September 2020 | ||||
f)
| Place of the transaction
| AIM | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Bryce Glover | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Deputy CEO, Recognise | ||||
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 Group Plc | ||||
b)
| LEI
| 2138003UW63TMQ5ZFD85 | ||||
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 in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Receipt of 1,000,000 ordinary shares in the Company.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,000,000 ordinary shares in the Company
N/A | ||||
e)
| Date of the transaction
| 4 September 2020 | ||||
f)
| Place of the transaction
| AIM | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Adrian Golumbina | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Treasurer, Recognise | ||||
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 Group Plc | ||||
b)
| LEI
| 2138003UW63TMQ5ZFD85 | ||||
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 in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Receipt of 1,000,000 ordinary shares in the Company.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,000,000 ordinary shares in the Company
N/A | ||||
e)
| Date of the transaction
| 4 September 2020 | ||||
f)
| Place of the transaction
| AIM | ||||
For further information:
City of London Group plc
Michael Goldstein (Chief Executive Officer)
+44 (0)20 3988 6501
Ben Peters (Director of Investor Relations)
+44 (0)20 3988 6500
Peel Hunt LLP (Nominated Adviser and Joint Broker)
James Britton
Rishi Shah
+44 (0)20 7418 8900
finnCap Ltd (Joint Broker)
Jonny Franklin-Adams / Anthony Adams / Kate Washington (Corporate Finance)
Andrew Burdis / Richard Chambers (ECM)
+44 (0)20 7220 0500
For media enquiries, please contact:
David Masters, Lansons colg@lansons.com
+44 (0)7825 427514
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