REG - Pearson PLC - Director/PDMR Shareholding

PearsonAnnouncement

02/04/2019 09:05

RNS Number : 8111U
Pearson PLC
02 April 2019
 


 
Pearson plc - (the "Company")
 
Notification of PDMRs' Interests
 
 
Management Incentive Plan
 
In 2017, the Company established the Pearson Management Incentive Plan (the "MIP"). Its purpose is to link senior management's short- and long-term reward with Pearson's financial performance and its progress against key strategic objectives. The MIP may settle awards with market purchased shares, but not newly issued or treasury shares. Executive Directors may not participate in the MIP.
 
On 1 April 2019, the Company made a grant of restricted shares to members of the Pearson Executive under the MIP. The number of shares granted is based on performance in the 2018 financial year and the share price on 1 March 2019. The awards will vest on 31 March 2022. Two-thirds of these shares remain subject to the Company meeting a minimum performance underpin based on Pearson's earnings per share in 2021 and one-third of these shares are subject to continued employment to the vesting date only.
 
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


Tim Bozik




2


Reason for the notification




a)


Position/status


President, Global Product




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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price:
N/A


89,463
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 89,463 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Rod Bristow




2


Reason for the notification




a)


Position/status


President, UK and Core Markets




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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


61,992
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 61,992 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Kevin Capitani




2


Reason for the notification




a)


Position/status


President, North America




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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


75,663
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 75,663 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Jonathan Chocqueel-Mangan




2


Reason for the notification




a)


Position/status


Chief Strategy 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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


55,066
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 55,066 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Giovanni Giovannelli




2


Reason for the notification




a)


Position/status


President Growth Markets




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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


83,217
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 83,217 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 



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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price:
N/A


75,099
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 75,099 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 



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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


63,726
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 63,726 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Anna Vikström Persson




2


Reason for the notification




a)


Position/status


Chief Human Resources 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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


50,477
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 50,477 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 



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


Grant of restricted shares awarded under the Management Incentive Plan




c)


Price(s) and volume(s)


Price(s)


Volume(s)




Purchase price: N/A


68,724
 




d)


Aggregated information
- Aggregated volume
- Price


Aggregated volume: 68,724 shares
Aggregated price: N/A




e)


Date of the transaction


1 April 2019




f)


Place of the transaction


N/A



 
 
 




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