Pearson PLC 6-K, filed May 7, 2021
Pearson PLC (PSO)
About this 6-K
Pearson PLC filed this 6-K on May 7, 2021.
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 May 2021
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 PDMRs' Interests
The following notifications, made in accordance with the requirements of the UK Market Abuse Regulation, give 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<br>responsibilities/person closely associated | |||
|---|---|---|---|---|
| a) | Name | Timothy Bozik | ||
| 2 | Reason for the notification | |||
| a) | Position/status | President - Higher Education | ||
| b) | Initial notification /Amendment | Initial notification | ||
| 3 | Details of the issuer, emission allowance market participant,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | |||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br>Identification code | Ordinary shares of 25 pence each in Pearson plc<br><br><br><br><br><br><br><br><br>ISIN: GB0006776081 | American Depositary Receipts<br>(ADRs), each representing<br>one ordinary share of 25 pence,<br>in Pearson plc<br><br><br><br><br><br>ISIN: US7050151056 | |
| b) | Nature of the transaction | Allotment of ordinary shares following release of share award under<br>the Company's Long-Term Incentive Plan (LTIP) and sale of shares to<br>cover tax liabilities arising from vesting share<br>awards | ||
| c) | Price(s) and volume(s) | Allotment of ordinary shares following release of LTIP<br>award | Sale of ordinary shares to<br>cover tax liability | Conversion<br>of residual ordinary shares to ADRs |
| Volume: 28,046<br><br><br><br><br><br>Purchase price: N/A | Volume: 9,382<br><br><br><br><br><br>Price £7.973 per share<br><br><br>Aggregated price: £74,803 | Volume:18,664<br><br><br><br><br><br>Price: n/a | ||
| d) | Aggregated information<br><br><br>- Aggregated volume<br><br><br>- Price | Aggregated volume: see 4 (c) above<br><br><br>Aggregated price: see 4 (c) above | ||
| e) | Date of the transaction | 4 May 2021 | ||
| f) | Place of the transaction | London Stock Exchange (XLON) | New York Stock Exchange (NYSE) | |
| 1 | Details of the person discharging managerial<br>responsibilities/person closely associated | |||
| --- | --- | --- | --- | --- |
| a) | Name | Robert Whelan | ||
| 2 | Reason for the notification | |||
| a) | Position/status | President - Assessment & Qualifications | ||
| b) | Initial notification /Amendment | Initial notification | ||
| 3 | Details of the issuer, emission allowance market participant,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | |||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br><br><br><br>Identification code | Ordinary shares of 25 pence each in Pearson plc<br><br><br><br><br><br>ISIN: GB0006776081 | American Depositary Receipts (ADRs), each representing one ordinary<br>share of 25 pence, in Pearson plc<br><br><br><br><br><br>ISIN: US7050151056 | |
| b) | Nature of the transaction | Allotment of ordinary shares following release of share award under<br>the Company's Long-Term Incentive Plan and sale of shares to cover<br>tax liabilities arising from vesting share awards | ||
| c) | Price(s) and volume(s) | Allotment of ordinary shares following release of LTIP<br>award | Sale of ordinary shares | Conversion of residual ordinary shares to ADRs |
| Volume: 28,046<br><br><br><br><br><br>Price n/a | Volume: 8,608<br><br> <br><br><br>Price: 7.973 per share<br><br><br>Aggregated price: 68,632 | Volume: 19,438<br><br><br><br><br><br>Price: n/a | ||
| d) | Aggregated information<br><br><br>- Aggregated volume<br><br><br>- Price | Aggregated volume: see 4 (c) above<br><br><br>Aggregated price: see 4 (c) above | ||
| e) | Date of the transaction | 4 May 2021 | ||
| f) | Place of t transaction | London Stock Exchange (XLON) |
All values are in British Pounds.
| 1 | Details of the person discharging managerial<br>responsibilities/person closely associated | ||
|---|---|---|---|
| a) | Name | Giovanni Giovannelli | |
| 2 | Reason for the notification | ||
| a) | Position/status | President - English Language Learning | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant,<br>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<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||
| a) | Description of the financial instrument, type of<br>instrument<br><br><br><br><br><br><br><br><br>Identification code | Ordinary shares of 25 pence each in Pearson plc<br><br><br><br><br><br>ISIN: GB0006776081 | |
| b) | Nature of the transaction | Allotment of ordinary shares following release of share award under<br>the Company's Long-Term Incentive Plan and sale of shares to cover<br>tax liabilities arising from vesting share awards | |
| c) | Price(s) and volume(s) | Allotment of ordinary shares following release of LTIP<br>award | Sale of shares to cover tax liability |
| Volume: 28,046<br><br><br><br><br><br>Price: N/A | Volume: 1,541<br><br><br><br><br><br>Price: £7.973 per share<br><br><br>Aggregated price: £12,287 | ||
| d) | Aggregated information<br><br><br>- Aggregated volume<br><br><br>- Price | Aggregated volume: see 4 (c) above<br><br><br>Aggregated price: see 4 (c) above | |
| e) | Date of the transaction | 4 May 2021 | |
| 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.
| PEARSON<br>plc | |
|---|---|
| Date: 07<br>May 2021 | |
| By: /s/<br>NATALIE WHITE | |
| ------------------------------------ | |
| Natalie<br>White | |
| Deputy<br>Company Secretary |