City of London Investment Group PLC Director/PDMR Shareholding (4920M)

TIDMCLIG

RNS Number : 4920M

City of London Investment Group PLC

13 October 2016

13th October 2016

CITY OF LONDON INVESTMENT GROUP PLC

("CLIG")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------- 
 a)   Name                1. Barry Olliff 
---  ------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------- 
 a)   Position/status     1. CEO 
---  ------------------  -------------------------------- 
 b)   Initial             Initial notification 
       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           Sale of shares 
       the transaction 
---  ------------------  -------------------------------- 
 c)   Price(s)              Price      No. of 
       and volume(s)                     shares 
                            ---------  -------- 
                             GBP4.00    50,000 
                            ---------  -------- 
---  ------------------  -------------------------------- 
 d)   Aggregated 
       information          N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------  -------------------------------- 
 e)   Date of             12 October 2016 
       the transaction 
---  ------------------  -------------------------------- 
 f)   Place of            London Stock Exchange 
       the transaction 
---  ------------------  -------------------------------- 
 

Additional information:

This is in line with Barry Olliff's intention to sell 500,000 CLIG Shares at 400p (leaves 450,000) and 500,000 Shares at 450p announced previously and confirmed in the CLIG 2016 Report and Accounts.

For further information, please visit www.citlon.co.uk or contact:

Barry Olliff, CEO

City of London Investment Group PLC

Tel: [phone]

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHZXLFFQBFBFBX

(END) Dow Jones Newswires

October 13, 2016 10:05 ET (14:05 GMT)