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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
City Of London Investment Group Plc | LSE:CLIG | London | Ordinary Share | GB00B104RS51 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
15.00 | 4.62% | 340.00 | 335.00 | 340.00 | 342.00 | 334.00 | 342.00 | 49,403 | 16:35:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 58.48M | 14.74M | 0.2908 | 11.52 | 169.77M |
TIDMCLIG
RNS Number : 7438I
City of London Investment Group PLC
23 March 2018
23 March 2018
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 Barry Olliff, the Chief Executive Officer, a person discharging managerial responsibilities ("PDMR"), has sold 50,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of GBP4.50 per share.
This sale of Ordinary Shares by Barry Olliff is in accordance with his intention to sell at incremental price points as reported in the CLIG 2017 Report and Accounts and announced on 18 September 2017 (250,000 shares remaining @ GBP4.50).
Following the sale, Mr Olliff's beneficial interest is 2,025,186 Ordinary Shares, representing approximately 7.5% 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 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 ------------ ---------- 1. GBP4.50 1. 50,000 ------------ ---------- --- ------------------ -------------------------------- d) Aggregated information N/A - Aggregated volume - Price --- ------------------ -------------------------------- e) Date of 22 March 2018 the transaction --- ------------------ -------------------------------- f) Place of London Stock Exchange the transaction --- ------------------ --------------------------------
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
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(END) Dow Jones Newswires
March 23, 2018 05:46 ET (09:46 GMT)
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