Awards under the 2023 Executive Share Plan
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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 | ||||
| 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 | ||
| a) | Name | Bloomsbury Publishing PLC | ||
| b) | LEI | 213800ZL2PEC4C6UOQ53 | ||
| 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 | ||
| a) | Name | Bloomsbury Publishing PLC | ||
| b) | LEI | 213800ZL2PEC4C6UOQ53 | ||
| 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 | ||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.