Director/PDMR Shareholding
City of London Investment Group PLC announced that Edward Sevick, a person discharging managerial responsibilities, was awarded 3,468 Restricted Share Awards under the Group's Employee Incentive Plan. The award comprises 3,468 ordinary shares of £0.01 each, with 1,734 shares relating to a waived employee bonus (Deferred Shares) priced at £3.774 each, and 1,734 shares representing matching awards (Bonus Shares) at no cost. Following the grant, Mr. Sevick's beneficial interest is 61,716 Ordinary Shares, representing approximately 0.1% of the Company's issued share capital. The aggregated volume of the award is 3,468 Ordinary Shares at an average price of £1.887, with the transaction occurring on October 27, 2025, on the London Stock Exchange.
Select text to share a quote on X · sign in to keep highlights & notes in your CLIG notes
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 Edward Sevick, a person discharging managerial responsibilities ("PDMR") of City of London Investment Group PLC (LSE: CLIG), has been awarded 3,468 Restricted Share Awards (the "Award") comprising 3,468 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, 1,734 Ordinary Shares relate to an employee waived bonus ("Deferred Shares"), with the remaining 1,734 Ordinary Shares representing matching awards made by the Company ("Bonus Shares") under the terms of the Plan. The cost to Mr. Sevick 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. Sevick's beneficial interest is 61,716 Ordinary Shares, representing approximately 0.1% of the Company's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Edward Sevick |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Operating 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 1,734 1,734 |
| d) | Aggregated information - Aggregated volume - Price | 3,468 Ordinary Shares Average price: £1.887 |
| e) | Date of the transaction | 27 October 2025 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.