City of London Investment Group: executives receive shares under incentive plan
CFO, CIO and a closely associated person received City of London Investment Group shares under the EIP, disclosed via RNS on 28 October 2026.
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what happened
City of London Investment Group PLC disclosed through RNS that Chief Financial Officer Deepranjan Agrawal received 44,146 restricted share awards under its Employee Incentive Plan. The package includes 22,073 deferred shares priced at £4.825 each and 22,073 matching bonus shares granted at nil cost. After the award, his holding stands at 173,049 ordinary shares, roughly 0.3% of issued share capital.
The same filing shows that Michael Edmonds, Chief Investment Officer of City of London Investment Management, received 48,290 awards on the same terms. A person closely associated with him, Courtney Edmonds, an employee of the company, received 9,378 awards. Afterwards, Michael Edmonds holds 145,669 ordinary shares (about 0.3%) and Courtney Edmonds holds 38,818 (about 0.1%). All transactions are dated 26 October 2026 and were carried out outside a trading venue.
why it matters
The disclosure covers routine grants under a staff incentive scheme, with shares issued at a fixed price and modest stakes held by the managers involved. It is unlikely to move the market, but it shows senior staff receiving part of their pay in company stock.
tags
instruments
sources
- REG - City of Lon Inv Grp — Director/PDMR Shareholding, 28 October 2026 at 17:09 UTC
- REG - City of Lon Inv Grp — Director/PDMR Shareholding, 28 October 2026 at 17:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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