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BLOOMSBURY PUBLISHING PLC
Director's Dealing • Aug 26, 2021
4731_dirs_2021-08-26_e9ee1e01-764a-4e15-874a-32bc1a22c315.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8784J
Bloomsbury Publishing PLC
26 August 2021
26 August 2021
Bloomsbury Publishing Plc (the "Company")
Director/PDMR Shareholdings
Awards under the Bloomsbury Publishing Plc 2014 Performance Share Plan ("2014 PSP")
On 24 August 2021, 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 £3.51, based on the closing mid-market price of a share on 23 August 2021.
Performance conditions
The PSP Award is based on performance measured over the three financial years ending February 2024, 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% | 17.9p | 19.8p | 25.2p |
| Non-Consumer Operating Profit | 15% | £7.8m | £9.2m | £13.6m |
| Consumer Operating Profit | 15% | £10.9m | £11.9m | £14.9m |
| Bloomsbury Digital Resources Revenue | 10% | £15.0m | £16.0m | £19.0m |
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 Plan subject to EPS and ROCE performance conditions
c)
Price(s) and volume(s)
| Price | No. of shares |
| 351p | 134,918 |
d)
Aggregated information
N/A
e)
Date of the transaction
24 August 2021
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 Plan subject to EPS and ROCE performance conditions
c)
Price(s) and volume(s)
| Price | No. of shares |
| 351p | 84,273 |
d)
Aggregated information
N/A
e)
Date of the transaction
24 August 2021
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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