Grant of LTIP Award
City of London Investment Group PLC announced that on March 3, 2026, its Chief Executive Officer, Cooper Abbott, was granted an award under the Long Term Incentive Plan for 184,076 ordinary shares. This award vests on the third anniversary of its grant and is contingent upon continued service and performance conditions related to underlying EPS growth, cumulative net flows, and strategic performance over a three-year period ending December 31, 2028. A two-year post-holding period applies to vested shares on a net-of-tax basis.
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City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products announces that on 3 March 2026, the following Award over ordinary shares of £0.01 each in the Company ("Ordinary Shares") was granted under the City of London Investment Group PLC Long Term Incentive Plan (LTIP) to the following person discharging managerial responsibilities:
| PDMR | Position | Number of Ordinary Shares over which the Award was granted |
|---|---|---|
| Cooper Abbott | Chief Executive Officer | 184,076 |
The Award has a normal vesting date of the third anniversary of its grant and is subject to continued service (save for good leaver treatment) and performance conditions.
The performance conditions metrics and associated sliding-scale targets relate to underlying EPS growth, cumulative net flows and strategic performance in respect of a measurement period of three years ending on 31 December 2028.
Further details of the performance conditions will be disclosed in the Directors' Remuneration Report in the Group's next Annual Report.
The Award is subject to a two-year post-holding period in respect of vested shares on a net-of-tax basis.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Cooper Abbott |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive 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 Award under City of London Investment Group PLC Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price No. of shares Nil 184,076 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable single transaction Nil |
| e) | Date of the transaction | 3 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
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