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PSO Pearson

Filed: 7 May 21, 8:45am
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
 
For the month of May 2021
 
 
PEARSON plc
(Exact name of registrant as specified in its charter)
 
N/A
 
(Translation of registrant's name into English)
 
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address of principal executive office)
 
 
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
 
 
 
Form 20-F X                                                Form 40-F
 
 
 
Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
 
 
 
Yes                                              No X
 
 
 
Pearson plc - (the "Company")
 
Notification of PDMRs' Interests
 
 
The following notifications, made in accordance with the requirements of the UK 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
 
Timothy Bozik
 
2
 
Reason for the notification
 
a)
 
Position/status
 
President - Higher Education
 
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
 
American Depositary Receipts (ADRs), each representing one ordinary share of 25 pence, in Pearson plc
 
ISIN: US7050151056
 
b)
 
Nature of the transaction
 
Allotment of ordinary shares following release of share award under the Company's Long-Term Incentive Plan (LTIP) and sale of shares to cover tax liabilities arising from vesting share awards
 
c)
 
Price(s) and volume(s)
 
Allotment of ordinary shares following release of LTIP award
 
Sale of ordinary shares to cover tax liability
 
Conversion of residual ordinary shares to ADRs
 
Volume: 28,046
 
Purchase price: N/A
 
Volume: 9,382
 
Price £7.973 per share
Aggregated price: £74,803
 
Volume:18,664
 
Price: n/a
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
 
Aggregated volume: see 4 (c) above
Aggregated price: see 4 (c) above
 
e)
 
Date of the transaction
 
4 May 2021
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
New York Stock Exchange (NYSE)
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Robert Whelan
 
2
 
Reason for the notification
 
a)
 
Position/status
 
President - Assessment & Qualifications
 
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
 
American Depositary Receipts (ADRs), each representing one ordinary share of 25 pence, in Pearson plc
 
ISIN: US7050151056
 
b)
 
Nature of the transaction
 
Allotment of ordinary shares following release of share award under the Company's Long-Term Incentive Plan and sale of shares to cover tax liabilities arising from vesting share awards
 
c)
 
Price(s) and volume(s)
 
Allotment of ordinary shares following release of LTIP award
 
Sale of ordinary shares
 
Conversion of residual ordinary shares to ADRs
 
Volume: 28,046
 
Price n/a
 
Volume: 8,608
 
Price: £7.973 per share
Aggregated price: £ 68,632
 
Volume: 19,438
 
Price: n/a
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
 
Aggregated volume: see 4 (c) above
Aggregated price: see 4 (c) above
 
e)
 
Date of the transaction
 
4 May 2021
 
f)
 
Place of t transaction
 
London Stock Exchange (XLON)
 
New York Stock Exchange (NYSE)
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Giovanni Giovannelli
 
2
 
Reason for the notification
 
a)
 
Position/status
 
President - English Language Learning
 
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
 
Allotment of ordinary shares following release of share award under the Company's Long-Term Incentive Plan and sale of shares to cover tax liabilities arising from vesting share awards
 
c)
 
Price(s) and volume(s)
 
Allotment of ordinary shares following release of LTIP award
 
Sale of shares to cover tax liability
 
Volume: 28,046
 
Price: N/A
 
Volume: 1,541
 
Price: £7.973 per  share
Aggregated price: £12,287
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
 
Aggregated volume: see 4 (c) above
Aggregated price: see 4 (c) above
 
e)
 
Date of the transaction
 
4 May 2021
 
f)
 
Place of the transaction
 
London Stock Exchange (XLON)
 
 
 
 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 PEARSON plc
  
Date: 07 May 2021
 
 By: /s/ NATALIE WHITE
  
 ------------------------------------
 Natalie White
 Deputy Company Secretary