TIDMCLIG

RNS Number : 8845W

City of London Investment Group PLC

14 December 2023

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 GBP2.55 per ordinary share of GBP0.01 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        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 of the          Ordinary Shares of GBP0.01 each 
       financial instrument, 
       type of instrument,         ISIN: GB00B104RS51 
       Identification code 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Exercise of share options 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price      No. of shares 
                                     GBP2.55    5,500 
                                               -------------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          n/a 
       - Price 
     --------------------------  ----------------------------------------- 
 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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END

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December 14, 2023 10:13 ET (15:13 GMT)

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