REG - BloomsburyPublishing - Director/PDMR Shareholding

Bloomsbury PublishingAnnouncement

30/08/2023 14:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230830:nRSd8424Ka&default-theme=true

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 £4.19, 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%      £11.4m      £16.7m
 Consumer Operating Profit         17.5%      £20.4m      £30.6m
 Bloomsbury International Revenue  5%         £115.9m     £146.5m

 

 

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 ESP awards under the Bloomsbury Publishing Plc 2023 Executive Share
                                                                   Plan subject to performance conditions
 c)   Price(s) and volume(s)                                       Price  No. of shares
                                                                   419p   149,385
 d)   Aggregated information                                       N/A
 e)   Date of the transaction                                      29 August 2023
 f)   Place of the transaction                                     Grant of the options occurred outside a trading venue

d)

Aggregated information

N/A

e)

Date of the transaction

29 August 2023

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 ESP awards under the Bloomsbury Publishing Plc 2023 Executive Share
                                                                   Plan subject to performance conditions
 c)   Price(s) and volume(s)                                       Price  No. of shares
                                                                   419p   93,310
 d)   Aggregated information                                       N/A
 e)   Date of the transaction                                      29 August 2023
 f)   Place of the transaction                                     Grant of the options occurred outside a trading venue

d)

Aggregated information

N/A

e)

Date of the transaction

29 August 2023

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 / Emily Brooker                                 bloomsbury@hudsonsandler.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBDGDISUXDGXG