Bloomsbury Publishing PLC Director/PDMR Shareholding (8784J)

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:         [phone] 
   Email:                  [e-mail] 

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 [e-mail] or visit 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.

END

DSHGIGDIUDDDGBL

(END) Dow Jones Newswires

August 26, 2021 04:28 ET (08:28 GMT)