{
  "id": 11122422,
  "title": "City of London Investment Group CEO receives share awards",
  "url": "https://urgent.news/2026/10/01/city-of-london-investment-group-ceo-receives-share-awards",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T06:11:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/city-of-london-investment-group-ceo-receives-share-awards-93CH-4926316"
  },
  "original_language": "en",
  "account": "City of London Investment Group PLC, an asset management company, recently granted share awards to its Chief Executive Officer, Cooper Abbott, on Tuesday, according to a press release.\n\nAbbott was awarded a Performance Share Award, which entitles him to 110,704 ordinary shares. He also received a Deferred Bonus Award, amounting to 27,128 ordinary shares, both under the company's Long Term Incentive Plan. Importantly, these awards were granted without any cost.\n\nThe Performance Share Award is set to vest on the third anniversary of its grant, provided Abbott continues to meet certain conditions. These include the growth in underlying earnings per share, which will be weighted at 70%, and the investment performance relative to a benchmark, which will carry 30% weight. Both these metrics will be measured over three financial years, with the final date being June 30, 2029.\n\nThe vested shares will be subject to a two-year post-holding period, calculated on a net of tax basis.\n\nThe Deferred Bonus Award comprises three equal parts. Each part will vest on the first, second, and third anniversaries of the grant, assuming Abbott remains in service throughout each vesting date.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}