Director/PDMR Shareholding

RNS Number : 4728D
Pearson PLC
16 May 2012
 



 

Pearson plc

(the "Company")

 

Notification of Directors' Interests

 

 

Annual Bonus Share Matching Plan ("ABSMP")

 

On 15 May 2012, participants became entitled to ordinary shares in the Company under the rules of the Annual Bonus Share Matching Plan, granted in 2009 (the "Plan"). Under the Plan, participants who invest their after-tax bonus in shares become entitled to "matching shares" on a one-for-one basis if a three-year corporate performance target is met. 

 

The ABSMP rules require that sufficient shares are sold to discharge the PAYE income tax liability on the shares released.  The shares set out in the third column below were sold on 15 May 2012 at a price of £11.5419 per share, leaving the after-tax number of shares set out in the final column below.

 

Name of Director

 

Shares released

Shares sold to discharge tax liabilities

Shares/ADRs retained

Robin Freestone

39,558

20,571

18,987

Will Ethridge

125,568

58,202

 

67,366

 

Interests of the directors

 

As a result of the above transactions, the executive directors are interested in the following shares/ADRs (excluding shares/ADRs to which they are notionally entitled or may become entitled, subject to the satisfaction of any relevant conditions, under the Company's employee share plans):

 

Name of Director

Number of Shares/ADRs

% of Capital

Robin Freestone

386,636

0.04738%

Will Ethridge

484,124

0.05933%

 

This notification is made in accordance with DTR 3.1.4R.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Pearson (PSON)
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