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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 | 1.03% | 997.60 | 999.60 | 1,000.00 | 1,008.00 | 985.40 | 1,003.00 | 1,448,996 | 16:35:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Publishing | 3.67B | 378M | 0.5497 | 18.19 | 6.88B |
TIDMPSON
RNS Number : 5032N
Pearson PLC
09 May 2018
9 May 2018
Pearson plc - (the "Company")
Notification of Directors' Interests
Long-Term Incentive Plan
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. The LTIP was renewed and approved by shareholders in 2011. The operation of the LTIP is governed by the remuneration policy approved by shareholders at the Annual General Meeting on 5 May 2017.
2018 Award
On 8 May 2018, the Company made a grant of performance-related restricted shares to executive directors under the LTIP. This represents the company's annual grant of long-term incentives to executive directors for 2018.
The awards will vest on 1 May 2021 subject to the following performance conditions:
a) One-third of the award will be based on Pearson's earnings per share in 2020; b) One-third of the award will be based on Pearson's return on invested capital in 2020; and
c) One-third of the award will be based on Pearson's total shareholder return performance relative to the constituents of the FTSE 100 Index over the three-year period 1 January 2018 to 31 December 2020
Details of the performance conditions can be found in the Directors' Remuneration Report contained in the Annual Report for the year ending 31 December 2017. Any shares which vest on 1 May 2021 will be subject to an additional two year holding period to 1 May 2023.
The awards were made on the following basis:
Name Title Restricted Share price Face value on date shares on date of award awarded of award ----------------- ------- ----------- ------------ ------------------------- GBP % of base salary at date of award ----------------- ------- ----------- ------------ ------------- ---------- John Fallon CEO 246,000 893.60p GBP2,198,256 275% ----------------- ------- ----------- ------------ ------------- ---------- Coram Williams CFO 145,000 893.60p GBP1,295,720 245% ----------------- ------- ----------- ------------ ------------- ----------
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
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 John Fallon ---- -------------------------------------- ------------------------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------------------------- a) Position/status Chief executive ---- -------------------------------------- ------------------------------------------- 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 Award of performance-related restricted the transaction shares under the Long-Term Incentive Plan ---- -------------------------------------- ------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---- -------------------------------------- -------------------- --------------------- n/a 246,000 ---------------------------------------------------------------- --------------------- d) Aggregated Aggregated volume: 246,000 shares information Aggregated price: n/a - Aggregated volume - Price ---- -------------------------------------- ------------------------------------------- e) Date of the 8 May 2018 transaction ---- -------------------------------------- ------------------------------------------- f) Place of the n/a transaction ---- -------------------------------------- ------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------------------------- a) Name Coram Williams ---- -------------------------------------- ------------------------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------------------------- a) Position/status Chief financial 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 Award of performance-related restricted the transaction shares under the Long-Term Incentive Plan ---- -------------------------------------- ------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---- -------------------------------------- -------------------- --------------------- n/a 145,000 ---------------------------------------------------------------- --------------------- d) Aggregated Aggregated volume: 145,000 shares information Aggregated price: n/a - Aggregated volume - Price ---- -------------------------------------- ------------------------------------------- e) Date of the 8 May 2018 transaction ---- -------------------------------------- ------------------------------------------- f) Place of the n/a transaction ---- -------------------------------------- -------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 09, 2018 05:56 ET (09:56 GMT)
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