TIDMCLIG

RNS Number : 6239S

City of London Investment Group PLC

17 March 2021

17 March 2021

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, would like to advise that our Executive Directors, Carlos Yuste, Head of Business Development, and Daniel Lippincott, Chief Investment Officer (KIM), have received an allocation of 46,000 and 20,000 share options respectively over City of London Investment Group PLC ordinary shares of GBP0.01 each in the Company ("Options"). The exercise price for these Options is GBP5.04 per share, and they are exercisable from 16 March 2024 to 15 March 2031.

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.    Carlos Yuste 
                               2.    Daniel Lippincott 
     ---------------------  --------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status        1.    Executive Director, Head of Business 
                                     Development 
                               2.    Executive Director, Chief Investment 
                                      Officer (KIM) 
     ---------------------  --------------------------------------------- 
 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          Award of share options 
       transaction 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and                  Price(s)   Volume(s) 
       volume(s)               1.    Nil        46,000 
                                2.    Nil        20,000 
                                    ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated            66,000 share options 
       volume 
       - Price                 Nil 
     ---------------------  --------------------------------------------- 
 e)   Date of the             1.    16 March 2021 
       transaction              2.    16 March 2021 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London 
       transaction 
     ---------------------  ---------------------------------------------

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/Pippa Hamnett

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20-3829-5000

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END

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March 17, 2021 13:02 ET (17:02 GMT)

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