City of London Investment Group PLC PDMR Dealing
October 29 2024 - 12:27PM
RNS Regulatory News
RNS Number : 1182K
City of London Investment Group PLC
29 October 2024
29 October 2024
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.
Deepranjan Agrawal, a person
discharging managerial responsibilities ("PDMR") of City of London
Investment Group PLC (LSE: CLIG), has been awarded 14,888
Restricted Share Awards (the "Award") comprising 14,888 ordinary
shares of £0.01 each in the Company ("Ordinary Shares") from the
Employee Benefit Trust (the "EBT") under the Group's Employee
Incentive Plan (the "EIP"). Of these, 7,444 Ordinary Shares
relate to an employee waived bonus ("Deferred Shares"), with the
remaining 7,444 Ordinary Shares representing matching awards made
by the Company ("Bonus Shares") under the terms of the Plan. The
cost to Mr. Agrawal was £3.735 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 at https://clig.com/investor-reports/#results-centre-on.
Following the grant of the Award,
Mr. Agrawal's beneficial interest is 112,389 Ordinary Shares,
representing approximately 0.2% 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
|
Deepranjan Agrawal
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
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
|
Grant of an award under the Group's Employee
Incentive Plan (EIP).
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
No.
of shares
|
|
£3.735
Nil
cost
|
7,444
7,444
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
14,888 Ordinary Shares
Average price: £1.8675
|
|
e)
|
Date of the transaction
|
28
October 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
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, James Hornigold
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
DSHUKUBRSBURUAA
City Of London Investment (LSE:CLIG)
Historical Stock Chart
From Oct 2024 to Nov 2024
City Of London Investment (LSE:CLIG)
Historical Stock Chart
From Nov 2023 to Nov 2024
