City of London Investment Group PLC
16 February 2007
City of London Investment Group plc
(The 'Company')
16 February 2007
Equity Placing
Teather & Greenwood are pleased to announce that 3,884,300 shares, representing
14.05 per cent. of the issued share capital of the Company, have today been
placed at a price of 255p. These shares were previously held by AMIC (750,000)
and Scaleoption (3,134,300), original investors in the Company.
Barry Olliff, the Company's Chief Executive Officer, is a 38.15 per cent.
shareholder in Scaleoption and as such this transaction constitutes a Director's
dealing under the AIM rules. His resultant beneficial interest in the Company is
now 3,763,250 shares, representing 14.05 per cent. of the issued share capital
of the Company, with his direct shareholding unchanged at this level.
Enquiries:
City of London Investment Group plc
Doug Allison
Finance Director
Tel: 020 7711 0771
Teather & Greenwood
Fred Walsh
Tel: 020 7426 9000
Tavistock Communications
Simon Hudson / John West / Clemmie Carr
Tel: 020 7920 3150
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