Director/PDMR Shareholding

RNS Number : 1311J
Pearson PLC
24 March 2010
 



PEARSON PLC

(the "Company")

 

 

Annual Bonus Share Matching Plan (the "Plan")

On 24 March 2010, participants became entitled to ordinary shares in the Company ("Shares") on maturity of their right to "matching shares" under the rules of the Plan (the "Rules"). Under the Plan, participants who invest their after-tax bonus in shares become entitled, without payment, to "matching shares" on a one-for-one basis if a corporate performance target is met over a five year period. In relation to awards made on 15 April 2005, the five year performance target was met in 2010. Accordingly, under the Rules, participants are now entitled to matching shares on a one-for-one basis.

The Rules require that sufficient shares are sold to discharge the PAYE income tax liability on the shares released. In consequence, the shares set out in the second column below were sold on 24 March 2010 at a price of £10.05325 per share, leaving the after-tax number of shares set out in the final column below:-

Name of Director

 

Number of Shares Sold

Number of Shares Retained

Rona Fairhead

82

199

 

As a result, the executive director named below is interested in the following shares (excluding shares to which she may become entitled, subject to satisfaction of any relevant conditions, under the Company's employee share schemes):-

 

Name of Director

 

Number of Shares

% of Issued Share Capital

Rona Fairhead

377,779

0.04655%

 

 

 

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Companies

Pearson (PSON)
UK 100