Report of Foreign Issuer (6-k)
June 20 2019 - 10:18AM
Edgar (US Regulatory)
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
June
2019
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
Sale of shares to cover tax withholding obligations
Due to an administrative error, insufficient shares were sold to
satisfy tax following the vesting of Coram Williams' 2016 LTIP on 3
May 2019; therefore 13,666 additional shares were sold on 19
June 2019 to fully settle his tax liability, pursuant to the LTIP
rules. Coram retains all vested shares from this award not
sold to settle tax obligations, which also continue to be subject
to a two-year holding period until 3 May 2021.
The following table sets out the number of shares that were sold on
19 June 2019 and notified to the Company on the same day, at the
price shown in the fourth column below and with the number set out
in the fifth column below being retained by Coram Williams as
ordinary shares.
Name
of Director / PDMR
|
Title
|
Shares sold to discharge tax liabilities
|
Sale price per share (£)
|
Retained shares
|
Coram
Williams
|
Chief Financial Officer
|
13,666
|
£8.238
|
40,821
|
The following notifications, made in accordance with the
requirements of the EU 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
responsibilities/person closely associated
|
a)
|
Name
|
Coram
Williams
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Chief
Financial Officer
|
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
|
Sale of
shares to cover tax liabilities arising from vesting of Long-Term
Incentive Plan award
|
c)
|
Price(s)
and volume(s)
|
Volume:
13,666
Price:
£8.238 per share
Aggregated
price: £112,580.51
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
Aggregated
volume: 13,666
Aggregated
price: £112,580.51
|
e)
|
Date of
the transaction
|
19 June
2019
|
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
plc
|
|
|
Date: 20
June 2019
|
|
|
By: /s/
NATALIE WHITE
|
|
|
|
------------------------------------
|
|
Natalie
White
|
|
Deputy
Company Secretary
|
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