Business
Buyback & Directors' Dealing
Buyback & Directors' Dealing.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n City of London Investment Group PLC\n29 February 2008\n\n\n\nCity of London Investment Group plc\n('the Company')\n\n\n29 February 2008\n\n\nShare Buyback and Directors' Dealing\n\nCity of London Investment Group plc ('the Company') is pleased to announce that\nit has facilitated the placing of FMH's holding of 7,929,425 shares in the\nCompany at a price of 320p per share, through a Company buyback, purchases by\nthe Company Employee Share Option Plan ('ESOP'), Directors and through\ninstitutional purchases, arranged by Landsbanki Securities and Evolution\nSecurities.\n\nThe Company has purchased for cancellation 1,417,300 Ordinary Shares of 1p each\nin the Company at a price of 320 pence. Following the cancellation of these\nOrdinary Shares, the Company's issued ordinary share capital with voting rights\nwill be 25,360,500 Ordinary Shares.\n\nBarry Olliff, CEO, has purchased 625,000 ordinary shares of 1p each in the\nCompany at a price of 320 pence per share, taking his total shareholding to\n4,575,750 Ordinary Shares, representing 18.0% of the Company's issued share\ncapital following the buyback. In addition, David Cardale, a non-executive\ndirector of the Company, has purchased 156,250 Ordinary Shares. This\nshareholding represents 0.6% of the Company's issued share capital following the\nbuyback.\n\nThe ESOP has purchased 400,000 ordinary shares of 1p each in the Company at a\nprice of 320 pence per share.\n\nThe remainder of FMH's holding, totalling 5,330,875 ordinary shares, has been\nplaced with institutional investors at a price of 320p.\n\n\n\n\nEnquiries:\n\nDoug Allison,\nFinance Director\nCity of London Investment Group plc\nTel: 020 7711 0771\n\nJeff Keating/ Fred Walsh\nLandsbanki Securities (UK)\nTel: 020 7426 9000\n\n\nTom Price\nEvolution Securities\nTel: 020 7071 4300\n\n\nSimon Hudson/ Andrew Dunn\nTavistock Communications\nTel: 020 7920 3150\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]