Bloomsbury Publishing PLC Director/PDMR Shareholding (8424K)

TIDMBMY

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 GBP4.19, 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%      GBP11.4m      GBP16.7m 
                                 ----------  -----------  ------------- 
   Consumer Operating Profit        17.5%      GBP20.4m      GBP30.6m 
                                 ----------  -----------  ------------- 
    Bloomsbury International         5%       GBP115.9m     GBP146.5m 
             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 ESP awards under the Bloomsbury Publishing 
       the transaction     Plc 2023 Executive Share Plan subject to performance 
                           conditions 
     ------------------  ------------------------------------------------------ 
 c)   Price(s)             Price   No. of 
       and volume(s)                 shares 
                            419p    149,385 
                                   -------- 
     ------------------  ------------------------------------------------------ 
 d)   Aggregated          N/A 
       information 
     ------------------  ------------------------------------------------------ 
 e)   Date of             29 August 2023 
       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 ESP awards under the Bloomsbury Publishing 
       the transaction     Plc 2023 Executive Share Plan subject to performance 
                           conditions 
     ------------------  ------------------------------------------------------ 
 c)   Price(s)             Price   No. of shares 
       and volume(s)        419p    93,310 
                                   -------------- 
     ------------------  ------------------------------------------------------ 
 d)   Aggregated          N/A 
       information 
     ------------------  ------------------------------------------------------ 
 e)   Date of             29 August 2023 
       the transaction 
     ------------------  ------------------------------------------------------ 
 f)   Place of            Grant of the options occurred outside a trading 
       the transaction     venue 
     ------------------  ------------------------------------------------------ 
 

For further information, please contact:

 
 Bloomsbury Publishing Plc 
 Maya Abu-Deeb, Group General Counsel &    [e-mail] 
  Company Secretary 
 Hudson Sandler                            [phone] 
 Dan de Belder / Emily Brooker             [e-mail] 
 

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August 30, 2023 08:56 ET (12:56 GMT)