0001654954-20-010441.txt : 20200925 0001654954-20-010441.hdr.sgml : 20200925 20200925104136 ACCESSION NUMBER: 0001654954-20-010441 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200925 FILED AS OF DATE: 20200925 DATE AS OF CHANGE: 20200925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEARSON PLC CENTRAL INDEX KEY: 0000938323 STANDARD INDUSTRIAL CLASSIFICATION: BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16055 FILM NUMBER: 201197639 BUSINESS ADDRESS: STREET 1: 80 STRAND CITY: LONDON ENGLAND STATE: X0 ZIP: WC2R 0RL BUSINESS PHONE: 442070102000 MAIL ADDRESS: STREET 1: 80 STRAND CITY: LONDON ENGLAND STATE: X0 ZIP: WC2R 0RL 6-K 1 a1924a.htm DIRECTOR/PDMR SHAREHOLDING a1924a
 
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 September 2020
 
 
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
 
 
 
The Company hereby confirms that Mr Bird has purchased Pearson shares at an aggregate cost to him of $3.75 million (the "Investment Shares"), as required under the terms of his remuneration package as Chief Executive, as described in a circular to shareholders dated 28 August 2020 and approved at a general meeting of the Company on 18 September 2020. The Investment Shares were purchased in the form of ordinary shares on the London Stock Exchange, to be converted to American Depositary Receipts (ADRs) under the Company's sponsored ADR program on the New York Stock Exchange.
 
The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives 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
 
Andy Bird
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Non-executive Director and Chief Executive-elect
 
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
 
Purchase of ordinary shares in accordance with the terms of Mr Bird's remuneration package, to be converted into ADRs
 
c)
 
Price(s) and volume(s)
 
Volume:
(i)         500,000 ordinary shares
(ii)        85,000 ordinary shares
Price:
(i)         £4.953537 per share
(ii)        £5.105000 per share
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: see 4 (c) above
Aggregated price:
(i)         £2,476,768.50 ($3,190,400 inclusive of fees)
(ii)        £433,925 ($560,770.50 inclusive of fees)
 
 
e)
 
Date of the transaction
 
(i)         22 September 2020
(ii)        23 September 2020
 
 
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: 25 September 2020
 
 
By: /s/ NATALIE WHITE
 
 
 
------------------------------------
 
Natalie White
 
Deputy Company Secretary