REG - Pearson PLC - Director/PDMR Shareholding

PearsonAnnouncement

08/08/2018 09:45

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 to discharge tax liabilities


Sale price per share (£)


Shares/ADRs Retained




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 /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: £8.979216 per share


11,937
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 11,937 shares
Aggregated price: £107,184.901392




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 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


12,352




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume:  12,352
Aggregated price: n/a
 




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 /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: £8.979216 per share


5,164
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 5,164 shares
Aggregated price: £46,368.671424




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 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


11,651




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume:  11,651
Aggregated price: n/a
 




e)


Date of the transaction


3 August 2018




f)


Place of the transaction


New York Stock Exchange (XNYS)



 




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