Bloomsbury Publishing PLC Director/PDMR Shareholding (8424K)
30 August 2023 - 2:56PM
UK Regulatory
TIDMBMY
RNS Number : 8424K
Bloomsbury Publishing PLC
30 August 2023
30 August 2023
Bloomsbury Publishing Plc (the "Company")
Director/PDMR Shareholdings
Awards under the Bloomsbury Publishing Plc 2023 Executive Share
Plan ("2023 ESP")
On 29 August 2023, ESP conditional share awards under the 2023
ESP were granted to two PDMRs and members of senior management over
ordinary shares of 1.25 pence in the Company (the "ESP
Awards").
The ESP Awards were granted at a price per share of GBP4.19,
based on the closing mid-market price of a share on 25 August
2023.
Performance conditions
The ESP Award is based on performance measured over the three
financial years ending February 2026, with straight-line vesting
between the points shown in the table below. Awards to Executive
Directors will also be subject to a post-vesting holding period of
two years.
The ESP Awards are subject to the following performance
targets:
Metric Weighting 0% vesting 100% vesting
EPS (before highlighted
items) 60% 28.7p 41.9p
---------- ----------- -------------
Non-Consumer Operating Profit 17.5% GBP11.4m GBP16.7m
---------- ----------- -------------
Consumer Operating Profit 17.5% GBP20.4m GBP30.6m
---------- ----------- -------------
Bloomsbury International 5% GBP115.9m GBP146.5m
Revenue
---------- ----------- -------------
Notifications
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nigel Newton
------------------ ------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Executive
------------------ ------------------------------------------------------
b) Initial Initial notification
notification
/Amendment
------------------ ------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Bloomsbury Publishing PLC
------------------ ------------------------------------------------------
b) LEI 213800ZL2PEC4C6UOQ53
------------------ ------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description Ordinary Shares of 1.25p Each
of the financial
instrument,
type of ISIN: GB0033147751
instrument
Identification
code
------------------ ------------------------------------------------------
b) Nature of Grant of ESP awards under the Bloomsbury Publishing
the transaction Plc 2023 Executive Share Plan subject to performance
conditions
------------------ ------------------------------------------------------
c) Price(s) Price No. of
and volume(s) shares
419p 149,385
--------
------------------ ------------------------------------------------------
d) Aggregated N/A
information
------------------ ------------------------------------------------------
e) Date of 29 August 2023
the transaction
------------------ ------------------------------------------------------
f) Place of Grant of the options occurred outside a trading
the transaction venue
------------------ ------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Penny Scott-Bayfield
------------------ ------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Group Finance Director
------------------ ------------------------------------------------------
b) Initial Initial notification
notification
/Amendment
------------------ ------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Bloomsbury Publishing PLC
------------------ ------------------------------------------------------
b) LEI 213800ZL2PEC4C6UOQ53
------------------ ------------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description Ordinary Shares of 1.25p Each
of the financial
instrument,
type of ISIN: GB0033147751
instrument
Identification
code
------------------ ------------------------------------------------------
b) Nature of Grant of ESP awards under the Bloomsbury Publishing
the transaction Plc 2023 Executive Share Plan subject to performance
conditions
------------------ ------------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 419p 93,310
--------------
------------------ ------------------------------------------------------
d) Aggregated N/A
information
------------------ ------------------------------------------------------
e) Date of 29 August 2023
the transaction
------------------ ------------------------------------------------------
f) Place of Grant of the options occurred outside a trading
the transaction venue
------------------ ------------------------------------------------------
For further information, please contact:
Bloomsbury Publishing Plc
Maya Abu-Deeb, Group General Counsel & maya.abu-deeb@bloomsbury.com
Company Secretary
Hudson Sandler +44 (0) 20 7796 4133
Dan de Belder / Emily Brooker bloomsbury@hudsonsandler.com
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