Pearson PLC Director/PDMR Shareholding
11 Abril 2024 - 9:59AM
RNS Regulatory News
RNS Number : 3327K
Pearson PLC
11 April 2024
Pearson plc - (the
"Company")
Notification of PDMRs'
Interests
The notification below outlines the
award of restricted shares granted to Omar Abbosh in accordance
with the terms of the Chief Executive's remuneration package as
disclosed on 20 September 2023.
The award will vest in three equal
tranches as soon as practicable following 31 December 2024, 31
December 2025 and 31 December 2026. The vesting of each
tranche is conditional on Mr. Abbosh remaining in continued
employment as at each vesting date. Any shares which vest pursuant
to the award will be subject to a holding period lasting up to the
vesting date of the final tranche (31 December 2026), and may not
be transferred, assigned, sold, pledged or otherwise disposed of
during the holding period save as to satisfy any tax
liability incurred in connection with the award.
The award also attracts dividend equivalent
awards.
The notification below is made in
accordance with the requirements of the UK Market Abuse Regulation.
Further details will be disclosed as appropriate in the 2024 Annual
Report.
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
|
Omar Abbosh
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Chief Executive
|
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
|
Grant of restricted shares under the
Long-Term Incentive Plan in accordance with Mr. Abbosh's
remuneration package
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
n/a
|
1,378,942 shares
(see note 1)
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: 1,378,942
shares
Aggregated
price: n/a
|
e)
|
Date of the transaction
|
9 April 2024
|
f)
|
Place of the transaction
|
n/a
|
Note 1: The 2023 Directors'
Remuneration Report referred to the award being over 1,391,718
shares in error.
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END
DSHKZGMDDMNGDZM
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