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26 Feb 2020 16:20
26 February 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.
City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional products investing in closed-end funds, has been notified that Stable View III LP, a Partnership set up by Barry Olliff, a Non-Executive Director, a person discharging managerial responsibilities ("PDMR"), has sold 58,858 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a weighted average price of £4.5152 per share.
This sale of Ordinary Shares is in accordance with Barry Olliff's intention to sell at incremental price points as reported in the CLIG 2019 Report and Accounts and announced on 16 September 2019.
Following the sale, Mr Olliff's beneficial interest is 1,855,799 Ordinary Shares, representing approximately 7.0% 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 | Barry Olliff |
2 | Reason for the notification | |
a) | Position/status | Non-Executive Director |
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 | Sale of shares |
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
58,858 shares
£4.5152
| ||||||
e) | Date of the transaction |
| ||||||
f) | Place of the transaction | London Stock Exchange and other markets |
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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