logo-loader
RNS
Pearson PLC

Pearson PLC - Director/PDMR Shareholding

RNS Number : 1919A
Pearson PLC
25 September 2020
 

Pearson plc - (the "Company")

Notification of PDMR Interests

 

The Company hereby confirms that Mr Bird has purchased Pearson shares at an aggregate cost to him of $3.75 million (the "Investment Shares"), as required under the terms of his remuneration package as Chief Executive, as described in a circular to shareholders dated 28 August 2020 and approved at a general meeting of the Company on 18 September 2020. The Investment Shares were purchased in the form of ordinary shares on the London Stock Exchange, to be converted to American Depositary Receipts (ADRs) under the Company's sponsored ADR program on the New York Stock Exchange.

 

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives 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

Andy Bird

2

Reason for the notification

a)

Position/status

Non-executive Director and Chief Executive-elect

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

Purchase of ordinary shares in accordance with the terms of Mr Bird's remuneration package, to be converted into ADRs

c)

Price(s) and volume(s)

Volume:

(i)         500,000 ordinary shares

(ii)        85,000 ordinary shares

Price:

(i)         £4.953537 per share

(ii)        £5.105000 per share

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: see 4 (c) above

Aggregated price:

(i)         £2,476,768.50 ($3,190,400 inclusive of fees)

(ii)        £433,925 ($560,770.50 inclusive of fees)

 

e)

Date of the transaction

(i)         22 September 2020

(ii)        23 September 2020

 

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHMZGZLDKRGGZM
NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...

FOR OUR FULL DISCLAIMER CLICK HERE

3 min read