City of London Investment Group PLC Director/PDMR Shareholding (4734P)
18 February 2021 - 1:58AM
UK Regulatory
TIDMCLIG
RNS Number : 4734P
City of London Investment Group PLC
17 February 2021
17 February 2021
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 ("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
Stable View III LP, a Partnership set up by Barry Olliff, a
Non-Executive Director, has sold a total of 591,018 ordinary shares
of GBP0.01 each in the Company ("Ordinary Shares") at an average
weighted price of GBP5.039 per share.
Following these sales, Mr. Olliff's beneficial interest is
1,282,518 Ordinary Shares, representing approximately 2.5% 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 Barry Olliff
----------------------- ---------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------- ---------------------------------------
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 Sale of shares
transaction
----------------------- ---------------------------------------
c) Price(s) and Price No. of shares
volume(s) 1. GBP5.0 500,000
2. GBP5.2531 76,818
3. GBP5.2542 14,200
----------- --------------
-------------- -----------------------------------
d) Aggregated
information
- Aggregated 591,018 shares
volume
- Price GBP5.039
-------------- -----------------------------------
e) Date of the 1. 15 February 2021
transaction 2. 15 February 2021
3. 16 February 2021
-------------- -----------------------------------
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
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END
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