City of London Investment Group PLC (LSE: CLIG), an active, alpha-driven global asset management group, has disclosed that two persons discharging managerial responsibilities and one closely associated person sold ordinary shares on 29 October 2026. The sales followed the vesting of awards under the company's Employee Incentive Plan on 26 October 2026. The transactions, made at £4.354378 per share, are required to be publicly disclosed under UK Market Abuse Regulation and represent a routine post-vesting disposal by senior figures at the firm.

Key Points

  • City of London Investment Group PLC (CLIG), listed on the London Stock Exchange
  • CFO Deepranjan Agrawal, CIO Michael Edmonds, and associated person Courtney Edmonds each sold ordinary shares on 29 October 2026 following EIP vesting
  • All shares sold at £4.354378 per ordinary share; combined disposal totalled 34,121 shares
  • Investors may watch remaining beneficial interests held by each individual and any further post-vesting disposals

EIP Vesting on 26 October 2026 Triggers Share Sales by CLIG Senior Personnel

The sales were triggered by the vesting of awards under City of London Investment Group's Employee Incentive Plan, which vested on 26 October 2026. Chief Financial Officer Deepranjan Agrawal sold 8,740 ordinary shares, while Chief Investment Officer for City of London Investment Management, Michael Edmonds, disposed of 21,239 shares. Courtney Edmonds, a person closely associated with Michael Edmonds and an employee of CLIG, sold a further 4,142 shares. All transactions were executed on 29 October 2026 on the London Stock Exchange at a uniform price of £4.354378 per ordinary share, in accordance with the company's regulatory obligations.

Remaining Beneficial Interests Held by Agrawal, Michael Edmonds and Courtney Edmonds After Disposals

Following the sales, the three individuals retain meaningful beneficial interests in CLIG ordinary shares. Deepranjan Agrawal holds 164,309 ordinary shares, Michael Edmonds retains 124,430 ordinary shares, and Courtney Edmonds holds 34,676 ordinary shares. These residual positions indicate that, despite the post-vesting disposals, all three individuals maintain substantial ongoing exposure to the company's ordinary share capital. The retention of significant shareholdings by senior management and closely associated persons is a detail investors often consider when assessing alignment between leadership and shareholder interests.

CLIG's Asset Management Model and Three Decades of Active Investment Experience

City of London Investment Group describes itself as an active, alpha-driven global asset management group with more than three decades of experience. The company operates through City of London Investment Management and generates revenue through the management of client assets across global strategies. CLIG is listed on the London Stock Exchange and is advised by Singer Capital Markets as its financial adviser and broker. The company's chief executive is Cooper Abbott, and further information is available via the company's website at citlon.co.uk. The EIP through which these awards vested forms part of the group's broader employee remuneration framework.

UK MAR Disclosure Obligations Satisfied by CLIG's 30 October 2026 Notification

The announcement was made in compliance with UK Market Abuse Regulation, which requires persons discharging managerial responsibilities and their closely associated persons to notify the company and relevant authorities of transactions in the issuer's financial instruments. The ordinary shares carry an ISIN of GB00B104RS51 and a nominal value of £0.01 each. The issuer's Legal Entity Identifier is 549300BV85TFYXK2Y635. Such disclosures are a standard regulatory requirement for UK-listed companies and do not in themselves indicate any change in the company's financial position or operational outlook.