Business
Awards under the 2023 Executive Share Plan
Awards under the 2023 Executive Share Plan.
About this update from Bloomsbury Publishing Plc
[{"type":"text","content":"\n\n7 August 2024\n \nBloomsbury Publishing Plc (the \"Company\")\n \nDirector/PDMR Shareholdings\n \nAwards under the Bloomsbury Publishing Plc 2023 Executive Share Plan (\"2023 ESP\")\n \nOn 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\").\n \nThe 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.\n \nPerformance conditions\n \nThe 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.\nThe ESP Awards are subject to the following performance targets:\n\n\n\n\nMetric\n\n\nWeighting\n\n\n0% vesting\n\n\n25% vesting\n\n\n100% vesting\n\n\n\n\nEPS (before highlighted items)\n\n\n60%\n\n\n31.8p\n\n\n£35.9p\n\n\n48.1p\n\n\n\n\nNon-Consumer Operating Profit\n\n\n17.5%\n\n\n£10.0m\n\n\n£11.1m\n\n\n£14.1m\n\n\n\n\nConsumer Operating Profit\n\n\n17.5%\n\n\n£24.6m\n\n\n£27.2m\n\n\n£35.1m\n\n\n\n\nInternational Revenue\n\n\n5%\n\n\n£142.5m\n\n\n£151.4m\n\n\n£178.3m\n\n\n\n\n \n \n \n \nNotifications\n \nThe relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nNigel Newton\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive\n\n\n\n\nb)\n \n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3\n \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nBloomsbury Publishing PLC\n\n\n\n\nb)\n\n\nLEI\n\n\n213800ZL2PEC4C6UOQ53\n\n\n\n\n4\n \n\n\nDetails 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\n\n\n\n\na)\n \n\n\nDescription of the ...