City of London Investment Group PLC (LSE: CLIG), an active, alpha-driven global asset management group, has disclosed that Chief Financial Officer Deepranjan Agrawal has been awarded 44,146 Restricted Share Awards under the company's Employee Incentive Plan (EIP). The transaction, dated 26 October 2026, was announced on 28 October 2026 in accordance with UK Market Abuse Regulation (UK MAR). The award increases Mr Agrawal's beneficial interest in the company to 173,049 ordinary shares, representing approximately 0.3% of CLIG's issued share capital. Investors in the asset management group may be watching the disclosure as a signal of ongoing alignment between senior management and shareholder interests.

Key Points

  • City of London Investment Group PLC (CLIG) — LSE-listed active global asset management group with more than three decades of experience
  • CFO Deepranjan Agrawal was awarded 44,146 Restricted Share Awards under CLIG's Employee Incentive Plan on 26 October 2026
  • The award comprises 22,073 Deferred Shares at £4.825 per share and 22,073 matching Bonus Shares awarded at nil cost
  • Investors should watch for further PDMR disclosures and any updates to the Group's broader remuneration framework

CLIG CFO Receives Dual-Tranche EIP Award of 44,146 Shares on 26 October 2026

The award to Deepranjan Agrawal, identified as a person discharging managerial responsibilities (PDMR), consists of two equal tranches under CLIG's Employee Incentive Plan. The first tranche comprises 22,073 Deferred Shares priced at £4.825 per share, whilst the second tranche consists of 22,073 matching Bonus Shares granted at nil cost. The aggregated volume of the award is 44,146 ordinary shares of £0.01 each, with an aggregated blended price of £2.4125 as stated in the announcement. The transaction was conducted outside a trading venue, as is standard for share award grants of this nature.

Agrawal's Total Beneficial Holding Rises to 173,049 CLIG Ordinary Shares

Following the grant, Mr Agrawal's beneficial interest in City of London Investment Group stands at 173,049 ordinary shares, equating to approximately 0.3% of the company's issued share capital. The ordinary shares carry an ISIN of GB00B104RS51. CLIG, which has operated as a specialist active asset manager for more than three decades, is headquartered and listed in London, with its CEO Cooper Abbott contactable via a Pennsylvania-based telephone number, reflecting the group's international operational footprint across global markets.

Employee Incentive Plan Structure Reflects CLIG's Active Asset Management Remuneration Approach

The EIP award structure — combining deferred shares linked to a market price with nil-cost matching bonus shares — is a common mechanism in asset management firms designed to retain key executives and align their financial interests with long-term shareholder value. For an active, alpha-focused manager such as CLIG, retaining experienced senior personnel such as a Chief Financial Officer is particularly significant given the performance-driven nature of the business. Singer Capital Markets acts as financial adviser and broker to the Group, as noted in the disclosure.