Bloomsbury Publishing PLC Awards under the 2023 Executive Share Plan
August 07 2024 - 12:36PM
RNS Regulatory News
RNS Number : 6212Z
Bloomsbury Publishing PLC
07 August 2024
7 August 2024
Bloomsbury Publishing Plc (the
"Company")
Director/PDMR
Shareholdings
Awards under the Bloomsbury Publishing
Plc 2023 Executive Share Plan ("2023 ESP")
On 7 August 2024, ESP conditional share awards
under the 2023 ESP were granted to two PDMRs and members of senior
management over ordinary shares of 1.25 pence in the Company (the
"ESP Awards").
The ESP Awards were granted at a price per
share of £6.86, based on the closing mid-market price of a share on
6 August 2024.
Performance
conditions
The ESP Award is based on performance measured
over the three financial years ending February 2027, 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 ESP Awards are subject to the following
performance targets:
|
Metric
|
Weighting
|
0% vesting
|
25% vesting
|
100% vesting
|
|
EPS (before
highlighted items)
|
60%
|
31.8p
|
£35.9p
|
48.1p
|
|
Non-Consumer
Operating Profit
|
17.5%
|
£10.0m
|
£11.1m
|
£14.1m
|
|
Consumer Operating
Profit
|
17.5%
|
£24.6m
|
£27.2m
|
£35.1m
|
|
International
Revenue
|
5%
|
£142.5m
|
£151.4m
|
£178.3m
|
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 ESP awards under the
Bloomsbury Publishing Plc 2023 Executive Share Plan
subject to performance conditions
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
No. of shares
|
|
686p
|
94,892
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
7 August 2024
|
|
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 ESP awards under the
Bloomsbury Publishing Plc 2023 Executive Share Plan
subject to performance conditions
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
No. of shares
|
|
686p
|
59,272
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
7 August 2024
|
|
f)
|
Place of the transaction
|
Grant of the options occurred
outside a trading venue
|
For further
information, please contact:
|
Bloomsbury Publishing Plc
|
|
|
Maya Abu-Deeb, Group General Counsel &
Company Secretary
|
maya.abu-deeb@bloomsbury.com
|
|
Hudson
Sandler
|
+44 (0) 20 7796 4133
|
|
Dan de Belder / Hattie Dreyfus / Emily
Brooker
|
bloomsbury@hudsonsandler.com
|
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