Bloomsbury Publishing PLC Director/PDMR Shareholding (8784J)
26 August 2021 - 6:28PM
UK Regulatory
TIDMBMY
RNS Number : 8784J
Bloomsbury Publishing PLC
26 August 2021
26 August 2021
Bloomsbury Publishing Plc (the "Company")
Director/PDMR Shareholdings
Awards under the Bloomsbury Publishing Plc 2014 Performance
Share Plan ("2014 PSP")
On 24 August 2021, PSP conditional share awards under the 2014
PSP were granted to two PDMRs and members of senior management over
ordinary shares of 1.25 pence in the Company (the "PSP
Awards").
The PSP Awards were granted at a price per share of GBP3.51,
based on the closing mid-market price of a share on 23 August
2021.
Performance conditions
The PSP Award is based on performance measured over the three
financial years ending February 2024, 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 PSP Awards are subject to the following performance
targets:
Metric Weighting 0% vesting 25% vesting 100% vesting
EPS (before highlighted
items) 60% 17.9p 19.8p 25.2p
---------- ----------- ------------ -------------
Non-Consumer Operating Profit 15% GBP7.8m GBP9.2m GBP13.6m
---------- ----------- ------------ -------------
Consumer Operating Profit 15% GBP10.9m GBP11.9m GBP14.9m
---------- ----------- ------------ -------------
Bloomsbury Digital Resources 10% GBP15.0m GBP16.0m GBP19.0m
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 PSP awards under the Bloomsbury Publishing
the transaction Plc 2014 Performance Share Plan subject to
EPS and ROCE performance conditions
------------------ ----------------------------------------------------
c) Price(s) Price No. of
and volume(s) shares
351p 134,918
--------
------------------ ----------------------------------------------------
d) Aggregated N/A
information
------------------ ----------------------------------------------------
e) Date of 24 August 2021
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 PSP awards under the Bloomsbury Publishing
the transaction Plc 2014 Performance Share Plan subject to
EPS and ROCE performance conditions
------------------ ----------------------------------------------------
c) Price(s) Price No. of shares
and volume(s) 351p 84,273
--------------
------------------ ----------------------------------------------------
d) Aggregated N/A
information
------------------ ----------------------------------------------------
e) Date of 24 August 2021
the transaction
------------------ ----------------------------------------------------
f) Place of Grant of the options occurred outside a trading
the transaction venue
------------------ ----------------------------------------------------
Enquiries:
Maya Abu-Deeb
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc
Telephone: +44(0)20 7631 5600
Email: maya.abu-deeb@bloomsbury.com
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END
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