Pearson PLC — Regulatory Filings 2019

Sep 5, 2019

6-K 1 a3405l.htm DIRECTOR/PDMR SHAREHOLDING Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2019 Issuer Direct Corporation Blueprint

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 September 2019

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 PDMR Interests

Long-Term Incentive Plan ("LTIP") - 2019 Release

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 following table sets out the number of shares released to Persons Discharging Managerial Responsibility (PDMR) on 2 September 2019 and notified to the Company on 4 September 2019. The LTIP rules require that sufficient shares are sold to discharge the tax liability arising on the shares released. The shares set out in the fourth column below were sold on 2 September 2019 at the price shown, with the number of American Depositary Receipts (ADRs) set out in the sixth column below being allotted to and retained by the PDMR towards meeting their shareholding guideline.

| Name
of PDMR | Title | Shares Released | Shares sold to discharge tax liabilities | Sale price per share (£) | Shares / ADRs Retained |
| --- | --- | --- | --- | --- | --- |
| Kevin
Capitani | President,
North America | 55,561 | 21,864 | £8.39 | 33,697 |

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 — a) | Details
of the person discharging managerial responsibilities/person
closely associated — 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 | | American
Depositary Receipts (ADRs) in Pearson plc (each
ADR represents one ordinary share of 25 pence in Pearson
plc) ISIN:
US7050151056 |
| b) | Nature
of the transaction | Allotment
of Ordinary Shares following release of Long-Term incentive Plan
award | Sale of
shares to cover tax liabilities | Allotment
of remaining shares to ADRs following release of Long-Term
Incentive Plan award |
| c) | Price(s)
and volume(s) | Volume: 55,561 Price : n/a | Volume: 21,864 Price: £8.39 per share Aggregated price: £183,439 | Volume: 33,697 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 | 2
September 2019 | | |
| f) | Place
of the transaction | London
Stock Exchange (XLON) | | New
York Stock Exchange (NYSE) |

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.

Date: 05
September 2019
By: /s/
NATALIE WHITE
------------------------------------
Natalie
White
Deputy
Company Secretary

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