Awards under the 2023 Executive Share Plan

Bloomsbury Publishing PLC

07 August 2024

 

7 August 2024

Bloomsbury Publishing Plc (the "Company")

Director/PDMR Shareholdings

Awards under the Bloomsbury Publishing Plc 2023 Executive Share Plan ("2023 ESP")

On 7 August 2024, 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 £6.86, based on the closing mid-market price of a share on 6 August 2024.

Performance conditions

The ESP Award is based on performance measured over the three financial years ending February 2027, 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	25% vesting	100% vesting
EPS (before highlighted items)	60%	31.8p	£35.9p	48.1p
Non-Consumer Operating Profit	17.5%	£10.0m	£11.1m	£14.1m
Consumer Operating Profit	17.5%	£24.6m	£27.2m	£35.1m
International Revenue	5%	£142.5m	£151.4m	£178.3m

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 Identification code	Ordinary Shares of 1.25p Each 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 686p 94,892
d)	Aggregated information	N/A
e)	Date of the transaction	7 August 2024
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 Identification code	Ordinary Shares of 1.25p Each 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 686p 59,272
d)	Aggregated information	N/A
e)	Date of the transaction	7 August 2024
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	[e-mail]
Hudson Sandler	[phone]
Dan de Belder / Hattie Dreyfus / Emily Brooker	[e-mail]

 

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