CLIG.L

City of London Investment Group Plc
City of Lon Inv Grp - PDMR Dealing
29th October 2024, 17:27
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 1182K
City of London Investment Group PLC
29 October 2024
 

29 October 2024

 

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.

 

Deepranjan Agrawal, a person discharging managerial responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG), has been awarded 14,888 Restricted Share Awards (the "Award") comprising 14,888 ordinary shares of £0.01 each in the Company ("Ordinary Shares") from the Employee Benefit Trust (the "EBT") under the Group's Employee Incentive Plan (the "EIP").  Of these, 7,444 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 7,444 Ordinary Shares representing matching awards made by the Company ("Bonus Shares") under the terms of the Plan. The cost to Mr. Agrawal was £3.735 per Deferred Share and nil cost per Bonus Share. The Deferred Shares and Bonus Shares awarded under the EIP carry certain restrictions which will lift on vesting of the Award.  For further details of the EIP scheme please refer to CLIG's latest annual report and accounts at https://clig.com/investor-reports/#results-centre-on.

 

Following the grant of the Award, Mr. Agrawal's beneficial interest is 112,389 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

Deepranjan Agrawal

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

 

Initial notification /Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary Shares of £0.01 each

           

ISIN: GB00B104RS51

b)

Nature of the transaction

Grant of an award under the Group's Employee Incentive Plan (EIP).

 

c)

Price(s) and volume(s)

 Price

No. of shares

£3.735

Nil cost

 

7,444

7,444

 

d)

Aggregated information

- Aggregated volume

- Price

 

14,888 Ordinary Shares

 

Average price: £1.8675

e)

Date of the transaction

28 October 2024

f)

Place of the transaction

London Stock Exchange

 

 

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

 

Tom Griffith, CEO

City of London Investment Group PLC

Tel: 001-610-380-0435

 

Martin Green, James Hornigold

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUKUBRSBURUAA]]>
TwitterFacebookLinkedIn