Bloomsbury Publishing PLC Director/PDMR Shareholding (5262X)

TIDMBMY

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 GBP2.09, 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%       GBP7.5m       GBP8.8m       GBP12.8m 
                                 ----------  -----------  ------------  ------------- 
 Consumer Operating Profit           15%       GBP10.4m     GBP10.7m       GBP11.6m 
                                 ----------  -----------  ------------  ------------- 
 Bloomsbury Digital Resources        10%       GBP14.9m     GBP15.5m       GBP17.3m 
  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 
                            209p    222,142 
                                   -------- 
     ------------------  ---------------------------------------------------- 
 d)   Aggregated          N/A 
       information 
     ------------------  ---------------------------------------------------- 
 e)   Date of             28 August 2020 
       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     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)        209p    138,755 
                                   -------------- 
     ------------------  ---------------------------------------------------- 
 d)   Aggregated          N/A 
       information 
     ------------------  ---------------------------------------------------- 
 e)   Date of             28 August 2020 
       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] 

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August 28, 2020 13:14 ET (17:14 GMT)