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BloomsburyPublishing - Director/PDMR Shareholding

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 £2.1108 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 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

Sale of Ordinary Shares to meet tax liability, National Insurance liability and administrative fees.

c)

Price(s) and volume(s)

Date

Price

No. of shares

29 July 2020

£2.199788

54,146

31 July 2020

£2.088100

27,726

03 August 2020

£2.001180

38,197

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

120,069 shares

£2.1108

e)

Date of the transaction

29 July to 3 August 2020

f)

Place of the transaction

London Stock Exchange

 

 

Enquiries:

 

Maya Abu-Deeb
Group General Counsel & Company Secretary
Bloomsbury Publishing Plc
Telephone:         +44(0)20 7631 5600

Email:                    [email protected]



 


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 [email protected] or visit www.rns.com.
 
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Price: 200

Market: LSE
Market Cap: £168.93 m
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