TIDMCLIG

RNS Number : 7493H

City of London Investment Group PLC

14 March 2018

14 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 25,000 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.

Following the sale, Mr Olliff's beneficial interest is 2,075,186 Ordinary Shares, representing approximately 7.7% 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. 25,000 
                            ------------  ---------- 
---  ------------------  -------------------------------- 
 d)   Aggregated 
       information          N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------  -------------------------------- 
 e)   Date of             13 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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March 14, 2018 11:41 ET (15:41 GMT)

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