Pearson PLC Director/PDMR Shareholding (1910X)
August 08 2018 - 3:43AM
UK Regulatory
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.
END
DSHFMGGRRRLGRZG
(END) Dow Jones Newswires
August 08, 2018 04:43 ET (08:43 GMT)
Pearson (LSE:PSON)
Historical Stock Chart
From Apr 2024 to May 2024
Pearson (LSE:PSON)
Historical Stock Chart
From May 2023 to May 2024
