Regulatory announcements

Director/PDMR Shareholding

28 August 2020

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 £2.09, 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%

£7.5m

£8.8m

£12.8m

Consumer Operating Profit

15%

£10.4m

£10.7m

£11.6m

Bloomsbury Digital Resources Revenue

10%

£14.9m

£15.5m

£17.3m

 

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 notification /Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary Shares of 1.25p Each

 

 

ISIN:GB0033147751

b)

Nature of the transaction

Grant of PSP awards under the Bloomsbury Publishing Plc 2014 Performance Share Plansubject to EPS and ROCE performance conditions

c)

Price(s) and volume(s)

Price

No. of shares

209p

222,142

 

d)

Aggregated information

N/A

e)

Date of the transaction

28 August2020

f)

Place of the transaction

Grant of the options occurred outside a trading 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 notification /Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary Shares of 1.25p Each

 

 

ISIN:GB0033147751

b)

Nature of the transaction

Grant of PSP awards under the Bloomsbury Publishing Plc 2014 Performance Share Plansubject to EPS and ROCE performance conditions

c)

Price(s) and volume(s)

Price

No. of shares

209p

138,755

 

d)

Aggregated information

N/A

e)

Date of the transaction

28 August2020

f)

Place of the transaction

Grant of the options occurred outside a trading venue

 

Enquiries:

Maya Abu-Deeb
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc

Telephone: +44(0)20 7631 5600
Email: [email protected]

 

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