Regulatory announcements
Director/PDMR Shareholdings
22 August 2019
Awards under the Bloomsbury Publishing Plc 2014 Performance Share Plan ("2014 PSP")
On 21 August 2019, PSP conditional share awards under the 2014 PSP were granted to three PDMRs over ordinary shares of 1.25 pence in the Company (the "PSP Awards")
The PSP Awards were granted at a price per share of 230 pence, based on the closing mid-market price of a share on 20 August 2019.
Performance conditions
The PSP Awards are subject to the following performance targets:
- Relative EPS (50%) - 25% of this part of a PSP Award will vest for annualised growth in EPS over the performance period of RPI +3% increasing pro rata to 100% vesting for annualised growth in EPS over the performance period of RPI +8%; and
- ROCE (50%) - 25% of this part of a PSP Award will vest for achieving ROCE at the end of the performance period of 12.2% increasing pro rata to 100% vesting for ROCE over the performance period of 15.3%.
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) |
|
||||
| d) | Aggregated information | N/A | ||||
| e) | Date of the transaction | 21 August2019 | ||||
| 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 | Group 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) |
|
||||
| d) | Aggregated information | N/A | ||||
| e) | Date of the transaction | 21 August2019 | ||||
| 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 | Jonathan Glasspool | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive 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) |
|
||||
| d) | Aggregated information | N/A | ||||
| e) | Date of the transaction | 21 August2019 | ||||
| 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
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