Pearson PLC
6 June 2000
LETTERS TO COMPANY ANNOUNCEMENTS OFFICE
The Pearson Employee Share Trustees Limited has received an additional 1,181
ordinary shares of 25p each in the Company as a result of a Dividend
Reinvestment Plan effective on 2 June 2000. 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 1809.0p per share in accordance with the terms of
the Dividend Reinvestment Plan and the market value of the shares on 25 May
2000.
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.
In accordance with the requirements of section 329(l) of the Companies Act 1985,
we hereby notify you that, after the Dividend Reinvestment issue in respect of
the final dividend for the year ended 31 December 1999, which was paid out on
Friday 2 June 2000, the following executive director of the company is
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 494 shares
The value of these shares was 1809.0p per share in accordance with the terms of
the Dividend Reinvestment Plan and the market value of the shares on 25 May
2000.
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
Share Trustees Limited, the Trustee of the Scheme.
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 HOLDINGS
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)
N/A
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
304
8) (0.00004 % )
of issued Class
9) Number of shares/amount
of stock disposed
10) ( % )
of issued Class
11) Class of security
ORDINARY SHARES OF 25p EACH
12) Price per share
£21.7127
13) Date of transaction
2 JUNE 2000
14) Date company informed
5 JUNE 2000
15) Total holding following this notification
55,770
16) Total percentage holding of issued class following this notification
0.00892%
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
JO BOOTLE -- 020-7411-2252
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification.........6 JUNE 2000.........
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
PEARSON PLC
2) NAME OF DIRECTOR
DAVID CHARLES MAURICE 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 HOLDINGS
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)
N/A
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
131
8) (0.00002 % )
of issued Class
9) Number of shares/amount
of stock disposed
10) ( % )
of issued Class
11) Class of security
ORDINARY SHARES OF 25p EACH
12) Price per share
£21.7127
13) Date of transaction
2 JUNE 2000
14) Date company informed
5 JUNE 2000
15) Total holding following this notification
33,046
16) Total percentage holding of issued class following this notification
0.00528%
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
JO BOOTLE -- 020-7411-2252
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification.........6 JUNE 2000.........
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 HOLDINGS
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)
N/A
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
395
8) (0.00006 % )
of issued Class
9) Number of shares/amount
of stock disposed
10) ( % )
of issued Class
11) Class of security
ORDINARY SHARES OF 25p EACH
12) Price per share
£21.7127
13) Date of transaction
2 JUNE 2000
14) Date company informed
5 JUNE 2000
15) Total holding following this notification
70,788
16) Total percentage holding of issued class following this notification
0.01132%
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
JO BOOTLE -- 020-7411-2252
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification.........6 JUNE 2000.........
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