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PSON Pearson Plc

987.00
-4.60 (-0.46%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  -4.60 -0.46% 987.00 991.40 991.80 995.00 965.80 994.60 2,860,181 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Publishing 3.67B 378M 0.5497 18.04 6.82B

Pearson PLC Director/PDMR Shareholding (1910X)

08/08/2018 9:43am

UK Regulatory


Pearson (LSE:PSON)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMPSON

RNS Number : 1910X

Pearson PLC

08 August 2018

Pearson plc - (the "Company")

Notification of PDMR Interests

Long-Term Incentive Plan ("LTIP") - 2018Release

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 following table sets out the number of shares released to Persons Discharging Managerial Responsibility (PDMR) on 3 August 2018 and notified to the Company on 6 August 2018. 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 3 August 2018 at the price shown, with the number of American Depositary Receipts (ADRs) set out in the fifth column below being allotted to and retained by the PDMR towards meeting their shareholding guideline.

 
   Name of PDMR     Shares Released     Shares sold      Sale price   Shares/ADRs 
                                        to discharge      per share     Retained 
                                       tax liabilities      (GBP) 
 Bjarne Tellmann        24,289             11,937         8.979216      12,352 
                   ----------------  -----------------  -----------  ------------ 
    Bob Whelan          16,815             5,164          8.979216      11,651 
                   ----------------  -----------------  -----------  ------------ 
 

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                             Bjarne Tellmann 
      -------------------------------  --------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                  General Counsel and Chief Legal 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 of                   Ordinary shares of 25 pence each in Pearson plc 
        the financial 
        instrument, type                 ISIN: GB0006776081 
        of instrument 
        Identification 
        code 
      -------------------------------  --------------------------------------------------- 
 b)    Nature of the                    Sale of shares to cover tax liabilities arising 
        transaction                      from vesting of Long-Term Incentive Plan award 
      -------------------------------  --------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                            Volume(s) 
      -------------------------------  ----------------------------------  --------------- 
   Sale price: GBP8.979216 
    per share                                                                    11,937 
  -----------------------------------------------------------------------  --------------- 
 d)    Aggregated information           Aggregated volume: 11,937 shares 
        - Aggregated volume              Aggregated price: GBP107,184.901392 
        - Price 
      -------------------------------  --------------------------------------------------- 
 e)    Date of the transaction          3 August 2018 
      -------------------------------  --------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  --------------------------------------------------- 
 
 
 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                              American Depositary Receipts (ADRs) in Pearson 
        the financial                               plc 
        instrument, type                            (each ADR represents one ordinary share of 25 
        of instrument                               pence in Pearson plc) 
        Identification 
        code                                        ISIN: US7050151056 
      ------------------------------------------  ---------------------------------------------------- 
 b)    Nature of the                               Allotment of ADRS following release of Long-Term 
        transaction                                 Incentive Plan award 
      ------------------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s)                      Price(s)                  Volume(s) 
      ------------------------------------------  ------------------------  -------------------------- 
   n/a                                                                       12,352 
  ------------------------------------------------------------------------  -------------------------- 
 d)    Aggregated information                      Aggregated volume: 12,352 
        - Aggregated volume                         Aggregated price: n/a 
        - Price 
      ------------------------------------------  ---------------------------------------------------- 
 e)    Date of the transaction                     3 August 2018 
      ------------------------------------------  ---------------------------------------------------- 
 f)    Place of the transaction                    New York Stock Exchange (XNYS) 
      ------------------------------------------  ---------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                             Bob Whelan 
      -------------------------------  --------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                  President, Pearson Assessments 
      -------------------------------  --------------------------------------------------- 
 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 of                   Ordinary shares of 25 pence each in Pearson plc 
        the financial 
        instrument, type                 ISIN: GB0006776081 
        of instrument 
        Identification 
        code 
      -------------------------------  --------------------------------------------------- 
 b)    Nature of the                    Sale of shares to cover tax liabilities arising 
        transaction                      from vesting of Long-Term Incentive Plan award 
      -------------------------------  --------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                            Volume(s) 
      -------------------------------  ----------------------------------  --------------- 
   Sale price: GBP8.979216 
    per share                                                                    5,164 
  -----------------------------------------------------------------------  --------------- 
 d)    Aggregated information           Aggregated volume: 5,164 shares 
        - Aggregated volume              Aggregated price: GBP46,368.671424 
        - Price 
      -------------------------------  --------------------------------------------------- 
 e)    Date of the transaction          3 August 2018 
      -------------------------------  --------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  --------------------------------------------------- 
 
 
 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                              American Depositary Receipts (ADRs) in Pearson 
        the financial                               plc 
        instrument, type                            (each ADR represents one ordinary share of 25 
        of instrument                               pence in Pearson plc) 
        Identification 
        code                                        ISIN: US7050151056 
      ------------------------------------------  ---------------------------------------------------- 
 b)    Nature of the                               Allotment of ADRS following release of Long-Term 
        transaction                                 Incentive Plan award 
      ------------------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s)                      Price(s)                  Volume(s) 
      ------------------------------------------  ------------------------  -------------------------- 
   n/a                                                                       11,651 
  ------------------------------------------------------------------------  -------------------------- 
 d)    Aggregated information                      Aggregated volume: 11,651 
        - Aggregated volume                         Aggregated price: n/a 
        - Price 
      ------------------------------------------  ---------------------------------------------------- 
 e)    Date of the transaction                     3 August 2018 
      ------------------------------------------  ---------------------------------------------------- 
 f)    Place of the transaction                    New York Stock Exchange (XNYS) 
      ------------------------------------------  ---------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 08, 2018 04:43 ET (08:43 GMT)

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