Director/PDMR Shareholding

RNS Number : 5262X

Bloomsbury Publishing PLC

28 August 2020

 

28 August 2020

Bloomsbury Publishing Plc (the "Company")

Director/PDMR Shareholdings

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

On 28 August 2020, 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 £2.09, based on the closing mid-market price of a share on 27 August 2020.

Performance conditions

The PSP Award is based on performance measured over the three financial years ending February 2023, 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%	17.8p	19.5p	24.6p
Non-Consumer Operating Profit	15%	£7.5m	£8.8m	£12.8m
Consumer Operating Profit	15%	£10.4m	£10.7m	£11.6m
Bloomsbury Digital Resources Revenue	10%	£14.9m	£15.5m	£17.3m

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 PSP awards under the Bloomsbury Publishing Plc 2014 Performance Share Plan subject to EPS and ROCE performance conditions
c)	Price(s) and volume(s)	Price No. of shares 209p 222,142
d)	Aggregated information	N/A
e)	Date of the transaction	28 August 2020
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	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 PSP awards under the Bloomsbury Publishing Plc 2014 Performance Share Plan subject to EPS and ROCE performance conditions
c)	Price(s) and volume(s)	Price No. of shares 209p 138,755
d)	Aggregated information	N/A
e)	Date of the transaction	28 August 2020
f)	Place of the transaction	Grant of the options occurred outside a trading venue

Enquiries:

Maya Abu-Deeb
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc

Telephone:   [phone]

Email:   [e-mail]

 

END

 

 

DSHBRGDIXBDDGGI