City of London Investment Group PLC Director/PDMR Shareholding (6198I)

TIDMCLIG

RNS Number : 6198I

City of London Investment Group PLC

14 December 2020

14 December 2020

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 products investing in closed-end funds, has been notified that Liese Aling, spouse of Barry Aling, our Non-Executive Chairman, has purchased an initial holding of 20,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of GBP4.28 per share.

Following the purchase, Mr. Aling's beneficial interest is 114,300 Ordinary Shares, representing approximately 0.2% 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                   Liese Aling 
     ---------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status        Spouse of Barry Aling, Non-Executive Chairman 
     ---------------------  ---------------------------------------------- 
 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          Purchase of shares 
       transaction 
     ---------------------  ---------------------------------------------- 
 
 
 c)   Price(s) and       Price      No. of shares 
       volume(s)          GBP4.28    20,000 
                         ---------  -------------- 
     --------------  ----------------------------- 
 d)   Aggregated 
       information 
       - Aggregated     20,000 shares 
       volume 
       - Price          GBP4.28 
     --------------  ----------------------------- 
 e)   Date of the        11 December 2020 
       transaction 
     --------------  ----------------------------- 
 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: [phone]

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: [phone]

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December 14, 2020 13:14 ET (18:14 GMT)