Performance Share Award & Deferred Bonus Award
City of London Investment Group PLC announced on October 1, 2026, that its Chief Executive Officer, Cooper Abbott, was granted a Performance Share Award of 110,704 ordinary shares and a Deferred Bonus Award of 27,128 ordinary shares on September 30, 2026, under the company's Long Term Incentive Plan. The Performance Share Award vests after three years, contingent on continued service and achieving specific EPS growth and investment performance targets by June 30, 2029, with a two-year post-vesting holding period. The Deferred Bonus Award vests in three equal tranches over three years, subject to continued service.
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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 30 September 2026, the following Awards over ordinary shares of £0.01 each in the Company (“Ordinary Shares”) were granted under the City of London Investment Group PLC Long Term Incentive Plan to the following person discharging managerial responsibilities:
| PDMR | Position | No. of Ordinary Shares over which the Award was granted | Award Type |
|---|---|---|---|
| Cooper Abbott | Chief Executive Officer | 110,704 | Performance Share Award |
| Cooper Abbott | Chief Executive Officer | 27,128 | Deferred Bonus Award |
The Performance Share 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 (70% weighting) and investment performance relative to a benchmark (30% weighting) in respect of a measurement period of three financial years ending on 30 June 2029.
Further details of the performance conditions are disclosed in the current Directors’ Remuneration Report.
The Performance Share Award is subject to a two-year post holding period in respect of vested shares on a net of tax basis.
The Deferred Bonus Award comprises three equal parts that shall vest on the first, second and third anniversary of the grant of the Deferred Bonus Award respectively subject to continued service (save for good leaver treatment) through to the associated vesting date.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Cooper Abbott Cooper Abbott |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer 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 a Performance Share Awards and a Deferred Bonus Award under City of London Investment Group PLC Long Term Incentive Plan. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil Nil 110,704 27,128 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable single transactions Nil |
| e) | Date of the transaction | 30 September 2026 |
| f) | Place of the transaction | Outside of a trading venue |
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