Director/PDMR Shareholding
City of London Investment Group PLC announced that Daniel Lippincott, a person discharging managerial responsibilities, was awarded 20,592 Restricted Share Awards under the Group's Employee Incentive Plan. This comprises 20,592 ordinary shares of £0.01 each. Of the total, 10,296 shares are Deferred Shares priced at £3.774 each, representing an employee waived bonus. The remaining 10,296 shares are Bonus Shares with nil cost, representing matching awards. Following the grant, Mr. Lippincott's beneficial interest is 332,319 Ordinary Shares, representing approximately 0.7% of the Company's issued share capital. The average price of the aggregated 20,592 Ordinary Shares is £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 Daniel Lippincott, a person discharging managerial responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG), has been awarded 20,592 Restricted Share Awards (the "Award") comprising 20,592 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, 10,296 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 10,296 Ordinary Shares representing matching awards made by the Company ("Bonus Shares") under the terms of the Plan. The cost to Mr. Lippincott 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. Lippincott's beneficial interest is 332,319 Ordinary Shares, representing approximately 0.7% of the Company's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Daniel Lippincott |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Investment Officer, Karpus Investment Management |
| 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 10,296 10,296 |
| d) | Aggregated information - Aggregated volume - Price | 20,592 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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