Bloomsbury Publishing PLC Director/PDMR Shareholding (9988U)
August 04 2020 - 1:00AM
UK Regulatory
TIDMBMY
RNS Number : 9988U
Bloomsbury Publishing PLC
04 August 2020
4 August 2020
Bloomsbury Publishing Plc (the "Company")
Director/PDMR Shareholding
Sale of shares following the vesting and exercise of options
under the Bloomsbury Publishing Plc 2014 Performance Share Plan
("2014 PSP")
The Company announced on 31 July 2020 that the conditional share
award granted in July 2017 under the 2014 PSP partly vested on 27
July 2020 and Nigel Newton, Chief Executive and PDMR, acquired
254,805 ordinary shares of 1.25 pence in the Company (" Ordinary
Shares ") (comprising 231,061 vested 2014 PSP shares and 23,744
dividend equivalent shares, both for nil consideration).
Between 29 July and 3 August 2020, Mr Newton sold 120,069
Ordinary Shares at an average price of GBP2.1108 per share in order
to fund the tax liability, National Insurance liability and
administrative fees arising on vesting and retained the balance of
134,736 Ordinary Shares.
Following this transaction, Mr Newton (including persons closely
associated) holds a total of 1,151,999 Ordinary Shares,
representing approximately 1.46% of the Company's issued share
capital.
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 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 Sale of Ordinary Shares to meet tax liability,
the transaction National Insurance liability and administrative
fees.
------------------------- -------------------------------------------------
c) Price(s) Date Price No. of shares
and volume(s) 29 July 2020 GBP2.199788 54,146
------------- --------------
31 July 2020 GBP2.088100 27,726
------------- --------------
03 August 2020 GBP2.001180 38,197
------------- --------------
------------------------- -------------------------------------------------
d) Aggregated 120,069 shares
information GBP2.1108
* Aggregated volume
* Aggregated price
------------------------- -------------------------------------------------
e) Date of 29 July to 3 August 2020
the transaction
------------------------- -------------------------------------------------
f) Place of London Stock Exchange
the transaction
------------------------- -------------------------------------------------
Enquiries:
Maya Abu-Deeb
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc
Telephone: +44(0)20 7631 5600
Email: maya.abu-deeb@bloomsbury.com
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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