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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-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 |
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.
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August 08, 2018 04:43 ET (08:43 GMT)
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