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 primarily in closed-end funds, has been notified that Mark Dwyer, a person discharging managerial responsibilities ("PDMR"), has exercised 5,500 share options at an exercise price of £2.55 per ordinary share of £0.01 each in the Company ("Ordinary Shares").
Following these transactions, Mr. Dwyer's beneficial interest is 395,390 Ordinary Shares, representing approximately 0.8% 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 | Mark Dwyer | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Investment Officer, City of London Investment Management | ||||
| 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 | Exercise of share options
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
| e) | Date of the transaction | 14 December 2023 | ||||
| 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
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