30 July 2020
Vesting and Exercise of options under the Bloomsbury Publishing Plc 2014 Performance Share Plan (“2014 PSP”)
As noted in the Company’s annual report and accounts, on 27 July 2020 the conditional share award granted in July 2017 under the 2014 PSP partly vested based on the level of the Company’s achievement against relevant performance conditions.
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).
Following this transaction, Mr Newton (including persons closely associated) holds a total of 1,272,068 Ordinary Shares, representing approximately 1.61% 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|
|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
|Ordinary Shares of 1.25p Each
|b)||Nature of the transaction||
|c)||Price(s) and volume(s)||
- Aggregated volume
|e)||Date of the transaction||
|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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