30th Nov 2007 07:01
City of London Investment Group PLC30 November 2007 City of London Investment Group plc ("the Company") 30 November 2007 Director Shareholding The Company announces that on 29 November 2007 Barry Olliff (Chief Executive)exercised options over 62,500 Ordinary Shares of 1p each in the Company ("Ordinary Shares") held by the City of London Employee Share Option Trust ("theESOP"). The exercise price paid by Mr. Olliff was 45p per Ordinary Share. As aresult of this transaction, Mr. Olliff is now interested in 3,850,750 OrdinaryShares representing 14.38% of the issued share capital. At the same time Doug Allison (Finance Director) exercised options over 62,500Ordinary Shares held by the ESOP. The exercise price paid by Mr. Allison was45p per Ordinary Share. Subsequently Mr. Allison sold 30,000 Ordinary Sharesback to the ESOP at a price of 325p per Ordinary Share. As a result of thesetransactions, Mr. Allison's interest in Ordinary Shares has increased to 260,625representing 0.97% of the issued share capital. Also on 29 November 2007, various other members of the Company's staff exercisedoptions over 94,565 Ordinary Shares held by the ESOP and subsequently sold62,825 shares back to the ESOP. The net result of these transactions is that the ESOP's shareholding hasdecreased by 122,880 Ordinary Shares to 1,971,945 representing 7.36% of theissued share capital. Enquiries: Doug Allison (Finance Director) City of London Investment Group PLC Tel: 020 7860 8347 Fred Walsh/Simon Brown Landsbanki Securities (UK) Limited Nominated Adviser & Broker Tel: 020 7426 9000 Simon Hudson/Andrew Dunn Tavistock Communications Ltd Tel: 0207 920 3150 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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