Performance Share Award & Deferred Bonus Award
City of London Investment Group PLC
01 October 2026
RNS Number: 0710X
City of London Investment Group PLC
1 October 2026
CITY OF LONDON INVESTMENT GROUP PLC
("City of London", "CLIG", "the Group" or "the Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Grant of Performance Share Award and Deferred Bonus Award
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£0.01each inthe Company (“Ordinary Shares”) were granted under theCity 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.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail:
|
1 |
Details of the person discharging managerial responsibilities / person closely associated | |||||
|
a) |
Name |
| ||||
|
2 |
Reason for the notification | |||||
|
a) |
Position/status |
| ||||
|
b)
|
Initial notification /Amendment |
Initial notification | ||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
|
a) |
Name |
City of London Investment Group PLC | ||||
|
b) |
LEI |
549300BV85TFYXK2Y635 | ||||
|
4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
|
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) |
| ||||
|
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 | ||||
- Ends -
For further information, please visit www.citlon.co.uk or contact:
Cooper Abbott, CEO
City of London Investment Group PLC
Tel: 001-610-380-2110
Charles Leigh-Pemberton, James Todd, Patrick Weaver
Singer Capital Markets
Financial Adviser & Broker
Tel: +44 (0)20-7496-3000
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