Pearson PLC — Regulatory Filings 2020

Sep 25, 2020

6-K 1 a1924a.htm DIRECTOR/PDMR SHAREHOLDING Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2020 Issuer Direct Corporation a1924a

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 2020

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

The Company hereby confirms that Mr Bird has purchased Pearson shares at an aggregate cost to him of $3.75 million (the "Investment Shares"), as required under the terms of his remuneration package as Chief Executive, as described in a circular to shareholders dated 28 August 2020 and approved at a general meeting of the Company on 18 September 2020. The Investment Shares were purchased in the form of ordinary shares on the London Stock Exchange, to be converted to American Depositary Receipts (ADRs) under the Company's sponsored ADR program on the New York Stock Exchange.

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives 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 | Andy
Bird |
| 2 | Reason for the notification | |
| a) | Position/status | Non-executive
Director and Chief Executive-elect |
| 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 | Purchase
of ordinary shares in accordance with the terms of Mr Bird's
remuneration package, to be converted into ADRs |
| c) | Price(s)
and volume(s) | Volume: (i)
500,000 ordinary shares (ii)
85,000 ordinary shares Price: (i)
£4.953537 per share (ii)
£5.105000 per share |
| d) | Aggregated
information -
Aggregated volume -
Price | Aggregated
volume: see 4 (c) above Aggregated
price: (i)
£2,476,768.50 ($3,190,400 inclusive of fees) (ii)
£433,925 ($560,770.50 inclusive of fees) |
| e) | Date of
the transaction | (i)
22 September 2020 (ii)
23 September 2020 |
| 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.

Date: 25
September 2020
By: /s/
NATALIE WHITE
------------------------------------
Natalie
White
Deputy
Company Secretary

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