Bloomsbury Publishing PLC Director/PDMR Shareholding (9988U)

TIDMBMY

RNS Number : 9988U

Bloomsbury Publishing PLC

04 August 2020

4 August 2020

Bloomsbury Publishing Plc (the "Company")

Director/PDMR Shareholding

Sale of shares following the vesting and exercise of options under the Bloomsbury Publishing Plc 2014 Performance Share Plan ("2014 PSP")

The Company announced on 31 July 2020 that the conditional share award granted in July 2017 under the 2014 PSP partly vested on 27 July 2020 and Nigel Newton, Chief Executive and PDMR, acquired 254,805 ordinary shares of 1.25 pence in the Company (" Ordinary Shares ") (comprising 231,061 vested 2014 PSP shares and 23,744 dividend equivalent shares, both for nil consideration).

Between 29 July and 3 August 2020, Mr Newton sold 120,069 Ordinary Shares at an average price of GBP2.1108 per share in order to fund the tax liability, National Insurance liability and administrative fees arising on vesting and retained the balance of 134,736 Ordinary Shares.

Following this transaction, Mr Newton (including persons closely associated) holds a total of 1,151,999 Ordinary Shares, representing approximately 1.46% of the Company's issued share capital.

This vesting was satisfied through the transfer of shares from the Bloomsbury Employee Benefit Trust.

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                  Sale of Ordinary Shares to meet tax liability, 
       the transaction            National Insurance liability and administrative 
                                  fees. 
     -------------------------  ------------------------------------------------- 
 c)   Price(s)                   Date              Price          No. of shares 
       and volume(s)              29 July 2020      GBP2.199788    54,146 
                                                   -------------  -------------- 
                                  31 July 2020      GBP2.088100    27,726 
                                                   -------------  -------------- 
                                  03 August 2020    GBP2.001180    38,197 
                                                   -------------  -------------- 
     -------------------------  ------------------------------------------------- 
 d)   Aggregated                 120,069 shares 
       information                GBP2.1108 
        *    Aggregated volume 
 
 
        *    Aggregated price 
     -------------------------  ------------------------------------------------- 
 e)   Date of                    29 July to 3 August 2020 
       the transaction 
     -------------------------  ------------------------------------------------- 
 f)   Place of                   London Stock Exchange 
       the transaction 
     -------------------------  ------------------------------------------------- 
 

Enquiries:

Maya Abu-Deeb

Group General Counsel & Company Secretary

Bloomsbury Publishing Plc

   Telephone:         [phone] 
   Email:                    [e-mail] 

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August 04, 2020 02:00 ET (06:00 GMT)