TIDMBMY

RNS Number : 8479J

Bloomsbury Publishing PLC

22 August 2019

22 August 2019

Bloomsbury Publishing Plc (the "Company")

Director/PDMR Shareholdings

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             Initial notification 
       notification 
       /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         Ordinary Shares of 1.25p Each 
       of the financial 
       instrument, 
       type of             ISIN: GB0033147751 
       instrument 
       Identification 
       code 
     ------------------  ---------------------------------------------------- 
 b)   Nature of           Grant of PSP awards under the Bloomsbury Publishing 
       the transaction     Plc 2014 Performance Share Plan subject to 
                           EPS and ROCE performance conditions 
     ------------------  ---------------------------------------------------- 
 c)   Price(s)             Price   No. of 
       and volume(s)                 shares 
                            230p    197,901 
                                   -------- 
     ------------------  ---------------------------------------------------- 
 d)   Aggregated          N/A 
       information 
     ------------------  ---------------------------------------------------- 
 e)   Date of             21 August 2019 
       the transaction 
     ------------------  ---------------------------------------------------- 
 f)   Place of            Grant of the options occurred outside a trading 
       the transaction     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             Initial notification 
       notification 
       /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         Ordinary Shares of 1.25p Each 
       of the financial 
       instrument, 
       type of             ISIN: GB0033147751 
       instrument 
       Identification 
       code 
     ------------------  ---------------------------------------------------- 
 b)   Nature of           Grant of PSP awards under the Bloomsbury Publishing 
       the transaction     Plc 2014 Performance Share Plan subject to 
                           EPS and ROCE performance conditions 
     ------------------  ---------------------------------------------------- 
 c)   Price(s)             Price   No. of 
       and volume(s)                 shares 
                            230p    102,500 
                                   -------- 
     ------------------  ---------------------------------------------------- 
 d)   Aggregated          N/A 
       information 
     ------------------  ---------------------------------------------------- 
 e)   Date of             21 August 2019 
       the transaction 
     ------------------  ---------------------------------------------------- 
 f)   Place of            Grant of the options occurred outside a trading 
       the transaction     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             Initial notification 
       notification 
       /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         Ordinary Shares of 1.25p Each 
       of the financial 
       instrument, 
       type of             ISIN: GB0033147751 
       instrument 
       Identification 
       code 
     ------------------  ---------------------------------------------------- 
 b)   Nature of           Grant of PSP awards under the Bloomsbury Publishing 
       the transaction     Plc 2014 Performance Share Plan subject to 
                           EPS and ROCE performance conditions 
     ------------------  ---------------------------------------------------- 
 c)   Price(s)             Price   No. of 
       and volume(s)                 shares 
                            230p    105,090 
                                   -------- 
     ------------------  ---------------------------------------------------- 
 d)   Aggregated          N/A 
       information 
     ------------------  ---------------------------------------------------- 
 e)   Date of             21 August 2019 
       the transaction 
     ------------------  ---------------------------------------------------- 
 f)   Place of            Grant of the options occurred outside a trading 
       the transaction     venue 
     ------------------  ---------------------------------------------------- 
 

Enquiries:

Maya Abu-Deeb

Group General Counsel & Company Secretary

Bloomsbury Publishing Plc

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 22, 2019 02:02 ET (06:02 GMT)

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