22 September 2023
Bloomsbury Publishing Plc (the "Company")
Director/PDMR Shareholdings - Correction
Sale of shares following the vesting and exercise of options under the Bloomsbury Publishing Plc 2014 Performance Share Plan ("2014 PSP")
The following corrections have been made to the 'Director/PDMR Shareholding' announcement released on 1 September 2023 under RNS Number: 1679L
1. The number of shares sold by Nigel Newton has been corrected from 110,332 shares to 110,326 shares;
2. The number of share sold by Penny Scott-Bayfield has been corrected from 71,979 shares to 71,975 shares;
3. The number of shares retained by Nigel Newton has been corrected from 133,615 shares to 133,621 shares; and
4. The number of share retained by Penny Scott-Bayfield has been corrected from 80,396 shares to 80,400 shares.
All other details remain unchanged.
The full amended text is shown below.
The Company announced on 29 August 2023 that the conditional share award granted in August 2020 under the 2014 PSP vested in full on 29 August 2023.
Nigel Newton, Chief Executive and PDMR, acquired 243,947 ordinary shares of 1.25 pence in the Company ("Ordinary Shares") (comprising 222,142 vested 2014 PSP shares and 21,805 dividend equivalent shares, both for nil consideration). Penny Scott-Bayfield, Group Finance Director and PDMR, acquired 152,375 Ordinary Shares (comprising 138,755 vested 2014 PSP shares and 13,620 dividend equivalent shares, both for nil consideration).
On 30 August 2023, Mr Newton and Ms Scott-Bayfield sold 110,326 and 71,975 Ordinary Shares respectively at an average price of £4.05 per share in order to fund the tax liability, National Insurance liability and administrative fees arising on vesting. Mr Newton and Ms Scott-Bayfield retained the balance of 133,621 and 80,400 Ordinary Shares respectively.
Following these transactions, the shareholdings of Mr Newton and Ms Scott-Bayfield's (including persons closely associated) in the Company are as follows:
| PDMR
| Total shareholding in the Company | Percentage of the Company's issued share capital |
| Nigel Newton | 1,558,290 Ordinary Shares | 1.91% |
| Penny Scott-Bayfield | 184,716 Ordinary Shares | 0.23% |
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 | 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 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) |
| ||||
| d) | Aggregated information - Aggregated volume - Aggregated price | | ||||
| e) | Date of the transaction | 30 August 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 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 | 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 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) |
| ||||
| d) | Aggregated information - Aggregated volume - Aggregated price | | ||||
| e) | Date of the transaction | 30 August 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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 / Emily Brooker | bloomsbury@hudsonsandler.com |
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