REG - Pearson PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">PSON.L</Origin>

PearsonAnnouncement

10/05/2017 10:10

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.
Name of PDMR
Shares Released 
Shares sold to discharge tax liabilities
Sale price per share ()
Shares/ADRs Retained
Albert Hitchcock
38,035
17,940
7.2806
20,095 shares
Kate James
39,935
20,519
7.2806
19,416 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 /Amendment
Initial notification
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 the financial instrument, type of instrument
Identification code
Ordinary shares of 25 pence each in Pearson plc
ISIN: GB0006776081
b) 
Nature of the transaction
Allotment of Ordinary shares following 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 volume(s)
Allotment of Ordinary Shares following release of Long-Term incentive Plan award
Sale of shares to cover tax liabilities 
Volume: 20,095
Price : n/a
Volume: 17,940
Price: 7.2806 per share
Aggregated price : 130,613.964
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: see 4 (c) above
Aggregated price: see 4 (c) above
e)
Date of the transaction
8 May 2017
f)
Place of the transaction
London Stock Exchange (XLON)
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 /Amendment
Initial notification
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 the financial instrument, type of instrument
Identification code
Ordinary shares of 25 pence each in Pearson plc
ISIN: GB0006776081
b) 
Nature of the transaction
Sale of shares to cover tax liabilities arising from vesting of Long-Term Incentive Plan award
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
Sale price: 7.2806 per share
20,519
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 20,519 shares
Aggregated price: 149,390.6314
e)
Date of the transaction
8 May 2017
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 the financial instrument, type of instrument
Identification code
American Depositary Receipts (ADRs) in Pearson plc
(each ADR represents one ordinary share of 25 pence in Pearson plc)
ISIN: US7050151056
b) 
Nature of the transaction
Allotment of ADRS following release of Long-Term Incentive Plan award
c) 
Price(s) and volume(s)
Price(s)
Volume(s)
n/a
19,416
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 19,416
Aggregated price: n/a
e)
Date of the transaction
8 May 2017
f)
Place of the transaction
New York Stock Exchange (XNYS)

This information is provided by RNS
The company news service from the London Stock Exchange
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