Pearson plc - (the "Company")
Notification of PDMR Interests
Sale of shares to cover tax withholding obligations
Due to an administrative error, insufficient shares were sold to satisfy tax following the vesting of Coram Williams' 2016 LTIP on 3 May 2019; therefore 13,666 additional shares were sold on 19 June 2019 to fully settle his tax liability, pursuant to the LTIP rules. Coram retains all vested shares from this award not sold to settle tax obligations, which also continue to be subject to a two-year holding period until 3 May 2021.
The following table sets out the number of shares that were sold on 19 June 2019 and notified to the Company on the same day, at the price shown in the fourth column below and with the number set out in the fifth column below being retained by Coram Williams as ordinary shares.
|
Name of Director / PDMR |
Title |
Shares sold to discharge tax liabilities |
Sale price per share (£) |
Retained shares |
|
Coram Williams |
Chief Financial Officer |
13,666 |
£8.238 |
40,821 |
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 |
Coram Williams |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Chief Financial 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) |
Volume: 13,666 Price: £8.238 per share Aggregated price: £112,580.51 |
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated volume: 13,666 Aggregated price: £112,580.51 |
|
e) |
Date of the transaction |
19 June 2019 |
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
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