Director/PDMR Shareholding
City of London Investment Group PLC announced that Martin Garzaron, a person discharging managerial responsibilities, was awarded 4,846 Restricted Share Awards under the Employee Incentive Plan, comprising 2,423 Deferred Shares at £4.825 each and 2,423 matching Bonus Shares at nil cost, with the transaction occurring on 26 October 2026. Following this award, Mr. Garzaron's beneficial interest is 43,938 Ordinary Shares, representing approximately 0.1% of the Company’s issued share capital.
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City of London Investment Group (LSE: CLIG), is an active, alpha-driven global asset management group with more than three decades of experience. We announce that Martin Garzaron, a person discharging managerial responsibilities (PDMR), has been awarded 4,846 Restricted Share Awards under the Group’s Employee Incentive Plan (EIP), comprising 2,423 Deferred Shares awarded at £4.825 per share and 2,423 matching Bonus Shares awarded at nil cost.
Following the Award, Mr. Garzaron’s beneficial interest is 43,938 Ordinary Shares, representing approximately 0.1% of the Company’s issued share capital.
The notification below is made in accordance with UK MAR:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Martin Garzaron |
| 2 | Reason for the notification | |
| a) | Position/status | Senior Vice President, Growth & Strategic Initiatives, 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 £4.825 Nil cost 2,423 2,423 |
| d) | Aggregated information - Aggregated volume - Price | 4,846 Ordinary Shares Average price: £2.4125 |
| e) | Date of the transaction | 26 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
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