TIDMCLIG

RNS Number : 7238U

City of London Investment Group PLC

07 April 2021

The following amendment has been made to the "Director/PDMR Shareholding" announcement released on 6 April 2021 at 14:39 under RNS No 5489U.

Mr. Griffith's beneficial interest was incorrectly stated as being 413,735 Ordinary Shares, representing approximately 0.8% of the Company's issued share capital. This figure does not include Restricted Share Awards made under the Company's Employee Incentive Plan. His total beneficial interest has been amended to 497,877 Ordinary Shares, representing approximately 1.0% of the Company's issued share capital.

All other details remain unchanged.

The full amended text is shown below:

CITY OF LONDON INVESTMENT GROUP PLC

("City of London", "CLIG", "the Group" or "the Company")

CORRECTION: Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.

City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing in closed-end funds, has been notified that our CEO Tom Griffith has exercised 5,000 share options at an exercise price of GBP4.03 per share.

Following these purchases, Mr. Griffith's beneficial interest is 497,877 Ordinary Shares, representing approximately 1.0% 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                     Tom Griffith 
     -----------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status          Chief Executive Officer 
     -----------------------  --------------------------------------- 
 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            Exercise of share options 
       transaction 
     -----------------------  --------------------------------------- 
 c)   Price(s) and                Price      No. of shares 
       volume(s)                   GBP4.03    5,000 
                                  ---------  -------------- 
     -----------------------  --------------------------------------- 
 d)   Aggregated               N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     -----------------------  --------------------------------------- 
 e)   Date of the              1 April 2021 
       transaction 
     -----------------------  --------------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  --------------------------------------- 
 

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/Pippa Hamnett

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHZDLFBFZLLBBL

(END) Dow Jones Newswires

April 07, 2021 10:50 ET (14:50 GMT)

City Of London Investment (LSE:CLIG)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more City Of London Investment Charts.
City Of London Investment (LSE:CLIG)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more City Of London Investment Charts.