29th Feb 2008 07:01
City of London Investment Group PLC29 February 2008 City of London Investment Group plc("the Company") 29 February 2008 Share Buyback and Directors' Dealing City of London Investment Group plc ("the Company") is pleased to announce thatit has facilitated the placing of FMH's holding of 7,929,425 shares in theCompany at a price of 320p per share, through a Company buyback, purchases bythe Company Employee Share Option Plan ("ESOP"), Directors and throughinstitutional purchases, arranged by Landsbanki Securities and EvolutionSecurities. The Company has purchased for cancellation 1,417,300 Ordinary Shares of 1p eachin the Company at a price of 320 pence. Following the cancellation of theseOrdinary Shares, the Company's issued ordinary share capital with voting rightswill be 25,360,500 Ordinary Shares. Barry Olliff, CEO, has purchased 625,000 ordinary shares of 1p each in theCompany at a price of 320 pence per share, taking his total shareholding to4,575,750 Ordinary Shares, representing 18.0% of the Company's issued sharecapital following the buyback. In addition, David Cardale, a non-executivedirector of the Company, has purchased 156,250 Ordinary Shares. Thisshareholding represents 0.6% of the Company's issued share capital following thebuyback. The ESOP has purchased 400,000 ordinary shares of 1p each in the Company at aprice of 320 pence per share. The remainder of FMH's holding, totalling 5,330,875 ordinary shares, has beenplaced with institutional investors at a price of 320p. Enquiries: Doug Allison,Finance DirectorCity of London Investment Group plcTel: 020 7711 0771 Jeff Keating/ Fred WalshLandsbanki Securities (UK)Tel: 020 7426 9000 Tom PriceEvolution SecuritiesTel: 020 7071 4300 Simon Hudson/ Andrew DunnTavistock CommunicationsTel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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