Pearson PLC
12 November 1999
LETTER TO COMPANY ANNOUNCEMENTS OFFICE
In accordance with the requirements of section 329(1) of the Companies Act 1985,
we hereby notify you that, after the Dividend Reinvestment issue in respect of
the interim dividend for the year ending 31 December 1999 which was paid out
today, 12 November 1999, the following executive directors of the company are
interested, under the company's Incentive Share Plan, in additional ordinary
shares of 25p each in the company as detailed below:
Name of Director Maximum Number of Additional
Shares subject to Conditional
Award under the Plan
Lord Stevenson 408 shares
M M Scardino 421 shares
D C M Bell 161 shares
The value of these shares was 1345.5p per share in accordance with the terms of
the Dividend Reinvestment Plan and the market value of the shares on 29 October
1999.
No consideration was paid for the awards in respect of the additional shares
referred to above. The shares covered by the conditional award will vest in the
directors if and to the extent certain performance criteria have been met at the
end of the incentive period and/or at the discretion of the Pearson Employee
Shares Trustees Limited, the Trustee of the Scheme.
LETTER FROM PEARSON PLC
The Pearson Employee Share Trustees Limited has received an additional 1,892
ordinary shares of 25p each in the company as a result of a Dividend
Reinvestment plan effective today, 12 November 1999. These shares will be held
under the Pearson Employee Share Trust and will be available to satisfy
conditional awards of shares to various Pearson executive directors and certain
executives under the company's Incentive Share Plan. The release of the shares
to the executive directors is dependent on certain performance targets being
met.
The value of these shares was 1345.5p per share in accordance with the terms of
the Dividend Reinvestment Plan and the market value of the shares on 29 October
1999.
As the Trust is a discretionary trust under which all employees (including
executive directors) of Pearson are potential beneficiaries, each executive
director is treated for Companies Act purposes as interested in the shares
referred to above.
LETTER FROM PEARSON PLC
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
PEARSON PLC
2) NAME OF DIRECTOR
MARJORIE M. SCARDINO
3) Please state whether notification indicates that it is in respect of
holding of the Director named in 2 above or holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF THE DIRECTOR'S HOLDING
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
NOT NOTIFIED
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
NOT APPLICABLE
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
REINVESTMENT OF DIVIDENDS UNDER THE COMPANY'S DIVIDEND REINVESTMENT PLAN
7) Number of shares/amount of
stock acquired
178
8) % of issued Class
0.00001%
9) Number of shares/amount
of stock disposed
-
10) N/A% of issued Class
-
11) Class of security
ORDINARY SHARES OF 25p EACH
12) Price per share
1345.5p
13) Date of transaction
12 NOVEMBER 1999
14) Date company informed
12 NOVEMBER 1999
15) Total holding following this notification
28,334
16) Total percentage holding of issued class following this notification
0.0046%
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number.
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
COMPANY OPERATES AN EVERGREEN MANDATE UNDER ITS DRIP PLAN
24) Name of contact and telephone number for queries
J.E. GOMM AND J.M. CASSON
TEL: 0171 411 2000
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification.......12 NOVEMBER 1999......................
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
PEARSON PLC
2) NAME OF DIRECTOR
H.D. STEVENSON
3) Please state whether notification indicates that it is in respect of
holding of the Director named in 2 above or holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF THE DIRECTOR'S HOLDING
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
NOT NOTIFIED
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
NOT APPLICABLE
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
REINVESTMENT OF DIVIDENDS IN THE COMPANY'S DIVIDEND REINVESTMENT PLAN
7) Number of shares/amount of
stock acquired
392
8) % of issued Class
0.00001%
9) Number of shares/amount
of stock disposed
-
10) N/A% of issued Class
-
11) Class of security
ORDINARY SHARES OF 25p EACH
12) Price per share
1345.5p
13) Date of transaction
12 NOVEMBER 1999
14) Date company informed
12 NOVEMBER 1999
15) Total holding following this notification
70,491
16) Total percentage holding of issued class following this notification
0.0115%
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number.
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
COMPANY OPERATES AN EVERGREEN MANDATE UNDER ITS DRIP PLAN
24) Name of contact and telephone number for queries
J.E. GOMM AND J.M. CASSON
TEL: 0171 411 2000
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification.......12 NOVEMBER 1999......................
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
PEARSON PLC
2) NAME OF DIRECTOR
DAVID C.M. BELL
3) Please state whether notification indicates that it is in respect of
holding of the Director named in 2 above or holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF THE DIRECTOR'S HOLDING
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
NOT NOTIFIED
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
NOT APPLICABLE
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
REINVESTMENT OF DIVIDENDS UNDER THE COMPANY'S DIVIDEND REINVESTMENT PLAN
7) Number of shares/amount of
stock acquired
34
8) % of issued Class
0.00001%
9) Number of shares/amount
of stock disposed
-
10) N/A% of issued Class
-
11) Class of security
ORDINARY SHARES OF 25p EACH
12) Price per share
1345.5p
13) Date of transaction
12 NOVEMBER 1999
14) Date company informed
12 NOVEMBER 1999
15) Total holding following this notification
17,861
16) Total percentage holding of issued class following this notification
0.0029%
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number.
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
PEARSON OPERATES AN EVERGREEN MANDATE UNDER ITS DRIP PLAN
24) Name of contact and telephone number for queries
J.E. GOMM AND J.M. CASSON
TEL: 0171 411 2000
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification.......12 NOVEMBER 1999......................
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