City Of London Group PLC Director/PDMR Shareholding (1465B)

TIDMCIN

RNS Number : 1465B

City Of London Group PLC

05 June 2019

CITY OF LONDON GROUP PLC

("COLG" or the "Company")

Director/PDMR Shareholding

The Company announces that Jason Oakley has acquired 11,839 ordinary shares in the Company.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Jason Oakley 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             CEO, Recognise 
     --------------------------  ---------------------------------------- 
 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 Group Plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                         2138003UW63TMQ5ZFD85 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares in the Company 
       financial instrument, 
       type of instrument 
                                   ISIN: GB00BD9GS058 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Purchase of 11,839 ordinary shares 
                                   in the Company. 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.405    11,839 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          11,839 ordinary shares in the Company 
 
 
       - Price                      GBP1.405 per ordinary share 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     31 May 2019 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    AIM 
     --------------------------  ---------------------------------------- 
 

Enquiries:

 
 City of London Group plc 
  Michael Goldstein                  [phone] 
 Peel Hunt LLP (nominated adviser 
  and broker) 
  James Britton, Rishi Shah          [phone] 
 Lansons (PR adviser)                [phone] 
  Pete Knott, Bev Aujla               [e-mail] 
 

Notes to editors:

About City of London Group

City of London Group is a forward-thinking organisation focused on serving the UK SME market. It is primed for the future but grounded with traditional values and a strength and depth of expertise.

The Group's expertise covers finance for the SME sector, equity release and secured lending. The Group has experience with commercial banking and mortgages, as well as good access to funding arrangements such as commercial, SME, bridging and development finance, home reversion plans, and asset and loan finance.

The Group ensures its services are always delivered with a personal touch, so clients know that they are more than a customer and have a partner that will work with them as they look towards the future.

LEI: 2138003UW63TMQ5ZFD85

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June 05, 2019 02:01 ET (06:01 GMT)