REG - BloomsburyPublishing - Director/PDMR Shareholding

Bloomsbury PublishingAnnouncement

10/08/2022 17:30

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RNS Number : 6226V  Bloomsbury Publishing PLC  10 August 2022

10 August 2022

 

Bloomsbury Publishing Plc (the "Company")

 

Director/PDMR Shareholdings

 

Awards under the Bloomsbury Publishing Plc 2014 Performance Share Plan ("2014
PSP")

 

On 10 August 2022, 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 £4.18, based on the
closing mid-market price of a share on 9 August 2022.

 

Performance conditions

 

The PSP Award is based on performance measured over the three financial years
ending February 2025, 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%        28.7p       30.2p        35.4p
 Non-Consumer Operating Profit         15%        £9.8m       £10.9m       £14.3m
 Consumer Operating Profit             15%        £18.1m      £20.0m       £25.8m
 Bloomsbury Digital Resources Revenue  10%        £22.3m      £24.3m       £30.3m

 

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 notification /Amendment                              Initial notification

 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 of the financial instrument, type of instrument  Ordinary Shares of 1.25p Each

      Identification code

                                                                   ISIN: GB0033147751
 b)   Nature of the transaction                                    Grant of PSP awards under the Bloomsbury Publishing Plc 2014 Performance Share
                                                                   Plan subject to performance conditions
 c)   Price(s) and volume(s)                                       Price  No. of shares
                                                                   418p   118,957
 d)   Aggregated information                                       N/A
 e)   Date of the transaction                                      10 August 2022
 f)   Place of the transaction                                     Grant of the options occurred outside a trading venue

d)

Aggregated information

N/A

e)

Date of the transaction

10 August 2022

f)

Place of the transaction

Grant of the options occurred outside a trading 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 notification /Amendment                              Initial notification

 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 of the financial instrument, type of instrument  Ordinary Shares of 1.25p Each

      Identification code

                                                                   ISIN: GB0033147751
 b)   Nature of the transaction                                    Grant of PSP awards under the Bloomsbury Publishing Plc 2014 Performance Share
                                                                   Plan subject to performance conditions
 c)   Price(s) and volume(s)                                       Price  No. of shares
                                                                   418p   74,303
 d)   Aggregated information                                       N/A
 e)   Date of the transaction                                      10 August 2022
 f)   Place of the transaction                                     Grant of the options occurred outside a trading venue

d)

Aggregated information

N/A

e)

Date of the transaction

10 August 2022

f)

Place of the transaction

Grant of the options occurred outside a trading venue

 

 

 

For further information, please contact:

 Bloomsbury Publishing Plc
 Maya Abu-Deeb, Group General Counsel & Company Secretary      maya.abu-deeb@bloomsbury.com
 Hudson Sandler                                                +44 (0) 20 7796 4133
 Dan de Belder / Hattie Dreyfus                                bloomsbury@hudsonsandler.com

 

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