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17 Apr 2015 15:03
17 April 2015
CITY OF LONDON INVESTMENT GROUP PLC
("City of London", "the Group" or "the Company")
Notification of Transactions of Persons Discharging Managerial Responsibilities
The Company would like to advise that Barry Olliff, Chief Executive Officer, today sold 250,000 ordinary shares of 1p each ("Ordinary Shares") at a price of 350 pence per share. The transaction took place in London.
Barry Olliff has now fulfilled the first tranche of his intended share sales, as (most recently) published in the June 2014 report and accounts. The current intention remains to sell 500,000 at £4.00 and 500,000 at £4.50.
Mr Olliff's resultant shareholdingin the Company following the transaction is 2,630,000Ordinary Shares, constituting 9.8% of the Company's issued share capital.
This announcement is made in accordance with the requirements of DTR 3.1.4.
For further information, please visit www.citlon.co.uk or contact:
Tracy Rodrigues, Financial Controller | Martin Green |
City of London Investment Group PLC | Canaccord Genuity Limited |
Tel: +44 (0)20 7711 0771 | Broker and Financial Adviser |
Tel: +44 (0)20 7523 8350 |
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