4th Jul 2006 16:13
City of London Investment Group PLC04 July 2006 For immediate release, 4 July 2006 CITY OF LONDON INVESTMENT GROUP PLC ("City of London" or "the Company") PURCHASE OF SHARES BY DIRECTORS AND EMPLOYEE TRUST City of London Investment Group PLC (AIM: CLIG), a leading emerging market assetmanagement group, announces the following purchases of the Company's ordinaryshares by directors: Name Number of shares Purchase price Holding % of Issued Share CapitalOmar Ashur 5,000 180p 5,000 0.018%Tom Griffith 2,500 180p 19,075 0.07% In addition, the Company's employee trust, AIBWorthytrust Limited, purchased192,500 ordinary shares at a price of 180p, taking its holding to 2,455,250being 9.16% of the Company's issued share capital. For further information, please visit www.citlon.com or contact: Doug Allison (CFO) / Barry Olliff (CEO) Simon Hudson / Clemmie CarrCity of London Investment Group PLC Tavistock CommunicationsTel: 020 7711 0771 Tel: 020 7920 3150 NOTES TO EDITORS City of London is an asset management group whose principal activity isproviding emerging market asset management products and services predominantlyto institutional investors via its principal operating company City of LondonInvestment Management Company Limited. The Group is based in the UK and also hasoffices in the US and Singapore. Clients include some of the US's leading bluechip institutions and endowment funds. With total funds under management of approximately US$2.8 billion, the Groupmanages several Open Ended Funds as well as a number of segregated accounts. TheGroup's fund mandates are mainly in emerging markets, although the Group hasmore recently diversified its asset management product portfolio by the launchof a natural resources fund and has also seeded three new funds: a global fund,a frontier fund and an emerging markets yield fund. The Group seeks to providecapital growth for clients through active country allocation and stockselection. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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