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RNS Number : 3327K Pearson PLC 11 April 2024
Pearson plc - (the "Company")
Notification of PDMRs' Interests
The notification below outlines the award of restricted shares granted to Omar
Abbosh in accordance with the terms of the Chief Executive's remuneration
package as disclosed on 20 September 2023.
The award will vest in three equal tranches as soon as practicable following
31 December 2024, 31 December 2025 and 31 December 2026. The vesting of each
tranche is conditional on Mr. Abbosh remaining in continued employment as at
each vesting date. Any shares which vest pursuant to the award will be subject
to a holding period lasting up to the vesting date of the final tranche (31
December 2026), and may not be transferred, assigned, sold, pledged or
otherwise disposed of during the holding period save as to satisfy any tax
liability incurred in connection with the award. The award also attracts
dividend equivalent awards.
The notification below is made in accordance with the requirements of the UK
Market Abuse Regulation. Further details will be disclosed as appropriate in
the 2024 Annual Report.
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 Omar Abbosh
2 Reason for the notification
a) Position/status Chief Executive
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 Ordinary shares of 25 pence each in Pearson plc
Identification code
ISIN: GB0006776081
b) Nature of the transaction Grant of restricted shares under the Long-Term Incentive Plan in accordance
with Mr. Abbosh's remuneration package
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 1,378,942 shares ((see note 1))
d) Aggregated information
- Aggregated volume Aggregated volume: 1,378,942 shares
- Price Aggregated price: n/a
e) Date of the transaction 9 April 2024
f) Place of the transaction n/a
Note 1: The 2023 Directors' Remuneration Report referred to the award being
over 1,391,718 shares in error.
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