Regulatory announcements
Director/PDMR Shareholdings - Correction
13 August 2021
Sale of shares following the vesting and exercise of options under the Bloomsbury Publishing Plc 2014 Performance Share Plan ("2014 PSP")
The following corrections have been made to the 'Director/PDMR Shareholding' announcement released on 10 August 2021 under RNS Number: 2010I.
1. The number of shares sold by Nigel Newton has been corrected from 104,558 shares to 104,556 shares; and
2. The number of share sold by Penny Scott-Bayfield has been corrected from 33,374 shares to 33,375 shares.
All other details remain unchanged.
The full amended text is shown below.
The Company announced on 3 August 2021 that the conditional share award granted in July 2018 under the 2014 PSP vested in full on 31 July 2021.
Nigel Newton, Chief Executive and PDMR, acquired 221,292 ordinary shares of 1.25 pence in the Company ("Ordinary Shares") (comprising 201,851 vested 2014 PSP shares and 19,441 dividend equivalent shares, both for nil consideration). Penny Scott-Bayfield, Group Finance Director and PDMR, acquired 70,635 Ordinary Shares (comprising 64,430 vested 2014 PSP shares and 6,205 dividend equivalent shares, both for nil consideration).
On 9 August 2021, Mr Newton and Ms Scott-Bayfield sold 104,556 and 33,375 Ordinary Shares respectively at an average price of £3.4224 per share in order to fund the tax liability, National Insurance liability and administrative fees arising on vesting. Mr Newton and Ms Scott-Bayfield retained the balance of 116,736 and 37,260 Ordinary Shares respectively.
Following these transactions, the shareholdings of Mr Newton and Ms Scott-Bayfield's (including persons closely associated) in the Company are as follows:
PDMR | Total shareholding in the Company | Percentage of the Company's issued share capital |
Nigel Newton | 1,307,141 Ordinary Shares | 1.6019% |
Penny Scott-Bayfield | 37,260 Ordinary Shares | 0.0004% |
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 notification /Amendment | 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 of the financial instrument, type of instrument Identification code | Ordinary Shares of 1.25p Each
ISIN: GB0033147751 | ||||
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) |
| ||||
d) | Aggregated information - Aggregated volume - Aggregated price | |||||
e) | Date of the transaction | 9 August 2021 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Penny Scott-Bayfield | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Finance Director | ||||
b)
| Initial notification /Amendment | 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 of the financial instrument, type of instrument Identification code | Ordinary Shares of 1.25p Each
ISIN: GB0033147751 | ||||
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) |
| ||||
d) | Aggregated information - Aggregated volume - Aggregated price | |||||
e) | Date of the transaction | 9 August 2021 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
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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