City of London Investment Group PLC Director/PDMR Shareholding (0292J)

TIDMCLIG

RNS Number : 0292J

City of London Investment Group PLC

17 December 2020

17 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 and retail products investing in closed-end funds, has been notified that Barry Aling, our Non-Executive Chairman, has purchased 20,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of GBP4.297255 per share.

Following the purchase, Mr. Aling's beneficial interest is 134,300 Ordinary Shares, representing approximately 0.3% 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                     Barry Aling 
     -----------------------  --------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status          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)          GBP4.297255    20,000 
                         -------------  -------------- 
     --------------  --------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated     20,000 shares 
       volume 
       - Price          GBP4.297255 
     --------------  --------------------------------- 
 e)   Date of the        16 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 17, 2020 08:26 ET (13:26 GMT)