2 Aug 2018 07:00
CITY OF LONDON GROUP PLC
("COLG" or the "Company")
Director/PDMR Shareholding
The Company announces that it has granted share options to employees and PDMRs under the Company's share option scheme.
The vesting of the awards is subject to the Company meeting specified performance targets. The options have an exercise price of £1.45.
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
| Mark Brampton | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director, Property and Funding Solutions Limited (PFS) | ||||
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
| Share options over ordinary shares in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Grant of share options in respect of 172,414 ordinary shares in the Company | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
| ||||
e)
| Date of the transaction
| 31st July 2018 | ||||
f)
| Place of the transaction
| AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Lumley | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Risk Officer, Echo Financial Service Limited (Echo) | ||||
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
| Share options over ordinary shares in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Grant of share options in respect of 179,310 ordinary shares in the Company | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
| ||||
e)
| Date of the transaction
| 31st July 2018 | ||||
f)
| Place of the transaction
| AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Martin Parsons | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director, Credit Asset Management Limited (CAML) | ||||
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
| Share options over ordinary shares in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Grant of share options in respect of 103,448 ordinary shares in the Company | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
| ||||
e)
| Date of the transaction
| 31st July 2018 | ||||
f)
| Place of the transaction
| AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Michael Goldstein | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer, City of London Group plc (COLG) | ||||
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
| Share options over ordinary shares in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Grant of share options in respect of 344,828 ordinary shares in the Company | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
| ||||
e)
| Date of the transaction
| 31st July 2018 | ||||
f)
| Place of the transaction
| AIM |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul Milner | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director, City of London Group plc (COLG) | ||||
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
| Share options over ordinary shares in the Company
ISIN: GB00BD9GS058
| ||||
b)
| Nature of the transaction
| Grant of share options in respect of 137,931 ordinary shares in the Company | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (Single transaction)
| ||||
e)
| Date of the transaction
| 31st July 2018 | ||||
f)
| Place of the transaction
| AIM |
Enquiries
City of London Group plc Michael Goldstein | +44 (0)203 005 9304 |
Peel Hunt LLP (nominated adviser and broker) James Britton, Rishi Shah | +44 (0)207 418 8900 |
The PR Office (PR adviser) Marc Cohen, Jonny Garfield | +44 (0)207 284 6969 |
LEI Number: 2138003UW63TMQ5ZFD85
Notes to Editors
City of London Group is a forward-thinking organisation focused on serving the UK SME market. While grounded with traditional values, through the strength and depth of expertise in its expanding team, it is now primed for future growth through its three-pronged strategy.
The Group's expertise covers equity release, finance for the SME sector, and secured lending. The Group has experience with commercial banking and mortgages, and access to funding arrangements such as commercial, SME, bridging and development finance, home reversion plans, and asset and loan finance.
COLG ensures its services are always delivered with a personal touch, so clients know that they are more than a customer and have a partner that will work with them as they look towards the future.
www.cityoflondongroup.com