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viewCity of London Investment Group

City of Lon Inv Grp - Director/PDMR Shareholding

RNS Number : 5682Q
City of London Investment Group PLC
19 June 2020
 

19 June 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 purchased 16,522 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of £3.699933 per share.

 

Following the purchase, Mr Olliff's beneficial interest is 1,872,321 Ordinary Shares, representing approximately 7.1% 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

Purchase of shares

c)

Price(s) and volume(s)

 

 Price

No. of shares

 

£3.699933

 

16,522

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

16,522 shares

 

£3.699933

 

e)

Date of the transaction

 

18 June 2020

 

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

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 [email protected] or visit www.rns.com.
 
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Market: AIM
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