Director/PDMR Shareholding
Deepranjan Agrawal, a person discharging managerial responsibilities at City of London Investment Group PLC, was awarded 16,514 Restricted Share Awards under the Group's Employee Incentive Plan. This comprises 8,257 Deferred Shares priced at £3.774 each and 8,257 Bonus Shares at no cost. Following the award, Mr. Agrawal's beneficial interest is 128,903 Ordinary Shares, representing approximately 0.3% of the company's issued share capital. The aggregated volume of Ordinary Shares is 16,514, with an average price of £1.887. The transaction occurred on October 27, 2025, on the London Stock Exchange.
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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, announces that Deepranjan Agrawal, a person discharging managerial responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG), has been awarded 16,514 Restricted Share Awards (the "Award") comprising 16,514 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, 8,257 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 8,257 Ordinary Shares representing matching awards made by the Company ("Bonus Shares") under the terms of the Plan. The cost to Mr. Agrawal was £3.774 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 128,903 Ordinary Shares, representing approximately 0.3% of the Company's issued share capital.
| 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 |
| a) | Name | City of London Investment Group plc |
| b) | LEI | 549300BV85TFYXK2Y635 |
| 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 £3.774 Nil cost 8,257 8,257 |
| d) | Aggregated information - Aggregated volume - Price | 16,514 Ordinary Shares Average price: £1.887 |
| e) | Date of the transaction | 27 October 2025 |
| f) | Place of the transaction | London Stock Exchange |
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