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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pearson Plc | LSE:PSON | London | Ordinary Share | GB0006776081 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -10.20 | -1.02% | 992.80 | 992.00 | 992.80 | 1,000.50 | 990.20 | 1,000.50 | 75,768 | 08:36:40 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Publishing | 3.67B | 378M | 0.5497 | 18.25 | 6.9B |
From Apr 2019 to Apr 2024
TIDMPSON
RNS Number : 7240E
Pearson PLC
10 May 2017
Pearson plc - (the "Company")
Notification of PDMR Interests
Long-Term Incentive Plan ("LTIP") - 2017 Time-Vesting Release
In 2001, the Company established the Pearson Long-Term Incentive Plan (the "LTIP"). Its purpose is to link management's long-term reward with Pearson's financial performance and returns to shareholders.
Under the terms of the LTIP Time-Vesting Plan, all shares are released to participants on the vesting date, providing that the participant is still employed by the Company.
The following table sets out the number of shares released to Persons Discharging Managerial Responsibility (PDMR) on 8 May 2017 and notified to the Company on 8 May 2017. The LTIP rules require that sufficient shares are sold to discharge the tax liability arising on the shares released. The shares set out in the third column below were sold on 8 May 2017 at the price shown, with the number of shares/American Depositary Receipts (ADRs) set out in the fifth column below being allotted to and retained by the PDMR towards meeting their shareholding guideline.
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Name of PDMR Shares Shares Sale Shares/ADRs
Released sold to price Retained
discharge per share
tax liabilities (GBP)
------------------ ---------- ----------------- ----------- ------------
20,095
Albert Hitchcock 38,035 17,940 7.2806 shares
------------------ ---------- ----------------- ----------- ------------
19,416
Kate James 39,935 20,519 7.2806 ADRs
------------------ ---------- ----------------- ----------- ------------
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
--- -------------------------------------------------------------------------
a) Name Albert Hitchcock
--- ---------------------- -------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------
a) Position/status Chief Technology and Operations Officer
--- ---------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
--- ---------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--- -------------------------------------------------------------------------
a) Name Pearson plc
--- ---------------------- -------------------------------------------------
b) LEI 2138004JBXWWJKIURC57
--- ---------------------- -------------------------------------------------
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 25 pence each in
of the financial Pearson plc
instrument,
type of instrument ISIN: GB0006776081
Identification
code
--- ---------------------- -------------------------------------------------
b) Nature of Allotment of Ordinary shares following
the transaction release of Long-Term Incentive Plan
award and Sale of shares to cover
tax liabilities arising from vesting
of Long-Term Incentive Plan award
--- ---------------------- -------------------------------------------------
c) Price(s) and Allotment of Ordinary Sale of shares to
volume(s) Shares following cover tax liabilities
release of Long-Term
incentive Plan award
--- ---------------------- ----------------------- ------------------------
Volume: 20,095 Volume: 17,940
Price : n/a Price: 7.2806 per
share
Aggregated price
: GBP130,613.964
--- ---------------------- ----------------------- ------------------------
d) Aggregated Aggregated volume: see 4 (c) above
information Aggregated price: see 4 (c) above
- Aggregated
volume
- Price
--- ---------------------- -------------------------------------------------
e) Date of the 8 May 2017
transaction
--- ---------------------- -------------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ---------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---- --------------------------------------------------------------------------------
a) Name Kate James
---- -------------------------------- ----------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------------
a) Position/status Chief Corporate Affairs & Global Marketing
Officer
---- -------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---- --------------------------------------------------------------------------------
a) Name Pearson plc
---- -------------------------------- ----------------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------------- ----------------------------------------------
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 25 pence each in
of the financial Pearson plc
instrument,
type of instrument ISIN: GB0006776081
Identification
code
---- -------------------------------- ----------------------------------------------
b) Nature of Sale of shares to cover tax liabilities
the transaction arising from vesting of Long-Term
Incentive Plan award
---- -------------------------------- ----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
---- -------------------------------- ------------------------- -------------------
Sale price:
GBP7.2806 per
share 20,519
--------------------------------------------------------------- -------------------
d) Aggregated Aggregated volume: 20,519 shares
information Aggregated price: GBP149,390.6314
- Aggregated
volume
- Price
---- -------------------------------- ----------------------------------------------
e) Date of the 8 May 2017
transaction
---- -------------------------------- ----------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
---- -------------------------------- ----------------------------------------------
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 American Depositary Receipts (ADRs)
of the financial in Pearson plc
instrument, (each ADR represents one ordinary
type of instrument share of 25 pence in Pearson plc)
Identification
code ISIN: US7050151056
---- ----------------------------- ---------------------------------------
b) Nature of Allotment of ADRS following release
the transaction of Long-Term Incentive Plan award
---- ----------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
---- ----------------------------- ------------------- ------------------
n/a 19,416
------------------------------------------------------ ------------------
d) Aggregated Aggregated volume: 19,416
information Aggregated price: n/a
- Aggregated
volume
- Price
---- ----------------------------- ---------------------------------------
e) Date of the 8 May 2017
transaction
---- ----------------------------- ---------------------------------------
f) Place of the New York Stock Exchange (XNYS)
transaction
---- ----------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGMGMKLGZGNZG
(END) Dow Jones Newswires
May 10, 2017 05:07 ET (09:07 GMT)
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