City of London Investment Group PLC Director/PDMR Shareholding (7690F)
October 30 2018 - 11:47AM
UK Regulatory
TIDMCLIG
RNS Number : 7690F
City of London Investment Group PLC
30 October 2018
30 October 2018
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.
Thomas Griffith, an Executive Director and a person discharging
managerial responsibilities ("PDMR") of City of London Investment
Group PLC (LSE: CLIG), has been awarded 76,492 Restricted Share
Awards (the "Award") comprising 76,492 ordinary shares of GBP0.01
each in the Company ("Ordinary Shares") from the Employee Benefit
Trust (the "EBT") under the Company's Employee Incentive Plan (the
"EIP"). Of these, 38,246 Ordinary Shares relate to an employee
waived bonus ("Deferred Shares"), with the remaining 38,246
Ordinary Shares representing an additional award made by the
Company as a reward for participating in the EIP ("Bonus Shares").
The cost to Mr Griffith was GBP3.873 per Deferred Share and nil
cost per Bonus Share. The Deferred Shares and Bonus Shares awarded
under the EIP carry certain restrictions which will lift on vesting
of the Award. For further details of the EIP scheme please refer to
CLIG's latest annual report and accounts.
Following the grant of the Award, Mr Griffith's beneficial
interest is 404,471 Ordinary Shares, representing approximately
1.5% 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 Thomas Griffith
--------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status COO/Deputy CEO
--------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- -----------------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00B104RS51
type of instrument
Identification
code
--------------------- -----------------------------------------------
b) Nature of the Grant of an award under the Company's Employee
transaction Incentive Plan (EIP) approved by shareholders
in 2016.
--------------------- -----------------------------------------------
c) Price(s) and Price No. of shares
volume(s) 1. GBP3.873 1. 38,246
2. Nil cost 2. 38,246
--------------
--------------------- -----------------------------------------------
d) Aggregated
information
- Aggregated 76,492 Ordinary Shares
volume
- Price
Average price: GBP1.9365
--------------------- -----------------------------------------------
e) Date of the 26 October 2018
transaction
--------------------- -----------------------------------------------
f) Place of the London Stock Exchange
transaction
--------------------- -----------------------------------------------
For further information, please visit www.citlon.co.uk or
contact:
Barry Olliff, CEO
City of London Investment Group PLC
Tel: 001 215 313 3774
Martin Green
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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