04 August 2020
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 £2.1108 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.
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|
|2||Reason for the notification|
|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|
|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
|Ordinary Shares of 1.25p Each
|b)||Nature of the transaction||Sale of Ordinary Shares to meet tax liability, National Insurance liability and administrative fees.|
|c)||Price(s) and volume(s)||
- Aggregated volume
- Aggregated price
|e)||Date of the transaction||29 July to 3 August 2020|
|f)||Place of the transaction||London Stock Exchange|
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc
Telephone: +44(0)20 7631 5600
Email: [email protected]
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