Source - RNS
RNS Number : 9889I
Pearson PLC
05 September 2016
 

 

 

5 September 2016

 

Pearson plc - (the "Company")

 

Notification of PDMRs' Interests

 

Long-Term Incentive Plan

 

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 LTIP was renewed and approved by shareholders in 2011 and its operation is governed by the remuneration policy approved by shareholders at the Annual General Meeting on 25 April 2014.

 

On 1 September 2016, the Company made a grant to Kevin Capitani, a PDMR, of 128,000 performance-related restricted shares.  75% of these shares will vest in 2019 subject to Pearson's earnings per share in 2018. The final 25% of these shares will vest in 2021 subject to Pearson's earnings per share in 2018 and the participant's continued employment through to the fifth anniversary of the award.

 

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

 

 

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

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

Award of performance-related restricted shares under the Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

128,000

 

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

1 September 2016

f)

Place of the transaction

n/a

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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