City of London Investment boss tops up stake
Barry Olliff, chief executive of the natural resource asset manager City of London Investment Group, topped up his stake in the company today, taking 90,000 shares for a total of £301,500.
The purchase, which was made at 335p a share, brings his stake in the company to 3,940,750 shares, or 14.72%.
City of London Investment, which invests in sectors such as metals, diversified mining and agricultural commodities, said last week that emerging markets continued to perform strongly in the six months to November and exceeded client benchmarks.
Funds under management were $4.59bn at the half year end versus $3.1bn same time last year. Revenue for the period rose 46% to £12.1m with pre-tax profits surging 72% to £5.3m.
Top Director Buys
City of London Investment Group (CLIG)
Director name: Mr Barry M Olliff
Amount purchased: 90,000 @ 335.00p
Value: £301,500
Mid Wynd International Trust (MWY)
Director name: Mr Michael Ingall
Amount purchased: 12,500 @ 795.00p
Value: £99,375
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Capital Gearing (CGT)
Director name: Mr R P A Spiller
Amount purchased: 4,550 @ 2,020.00p
Value: £91,910
Capital Gearing (CGT)
Director name: Mr R P A Spiller
Amount purchased: 1,900 @ 2,020.00p
Value: £38,380
KCOM Group (KCOM)
Director name: Mr Paul Renucci
Amount purchased: 23,022 @ 45.00p
Value: £10,360
