Level 2

Company Announcements

Director/PDMR Shareholding

By LSE RNS

RNS Number : 9531V
City of London Investment Group PLC
08 November 2017
 

8 November 2017

 

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 focused on emerging markets and closed-end funds, has been notified that Tracy Rodrigues, an Executive Director, a person discharging managerial responsibilities ("PDMR"), has been awarded 25,180 Restricted Share Awards (the "Award") comprising 25,180 ordinary shares of £0.01 each in the Company ("Ordinary Shares") from the Employee Benefit Trust (the "EBT") under the Company's Employee Incentive Plan (the "EIP").  Of these, 12,590 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 12,590 Ordinary Shares representing an additional award made by the Company as a reward for participating in the EIP ("Bonus Shares"). The cost to Ms Rodrigues was £4.0731 per Deferred Share and nil cost per Bonus Share. The Deferred Shares and Bonus Shares awarded under the EIP carry certain restrictions which shall lift on vesting of the Award.

 

Following the grant of the Award, Ms Rodrigues' beneficial interest is 123,399 Ordinary Shares, representing approximately 0.5% 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

Tracy Rodrigues

2

Reason for the notification

a)

Position/status

Finance 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

Grant of an award under the Company's Employee Incentive Plan (EIP) approved by shareholders in 2016.

 

c)

Price(s) and volume(s)

 Price

No. of shares

1.    £4.0731

2.    Nil cost

 

1.    12,590

2.    12,590

 

d)

Aggregated information

- Aggregated volume

- Price

 

25,180 Ordinary Shares

 

Average price: £2.03655

e)

Date of the transaction

26 October 2017

f)

Place of the transaction

London Stock Exchange

 

 

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 company news service from the London Stock Exchange
 
END
 
 
DSHZVLFBDFFEFBE

Top of Page