26th Sep 2005 12:23
Pearson PLC26 September 2005 26 September 2005 Pearson plc - Notification of Directors' Interests Pearson plc ("Pearson") today announces the following changes in directors'interests in Pearson ordinary shares of 25p each ("shares"). On 23 September 2005, Pearson made a grant of restricted shares to executivedirectors under its existing Long-Term Incentive Plan. This represents Pearson'sannual grant of long-term incentives to executive directors for 2005. The earliest normal vesting date on which shares may be released is 23 September2008. Subject to meeting certain performance conditions in full, and theretention of shares that vest on 23 September 2008 for a further two years, themaximum number of shares that the following executive directors may receive is:Marjorie Scardino (450,000); David Bell (170,000); Rona Fairhead (200,000); andJohn Makinson (180,000). One third of the award will be based on Pearson's total shareholder returnperformance relative to the constituents of the FTSE World Media Index over thethree-year period 2005 to 2008. Another third of the award will be based onPearson's return on invested capital in 2007. The final third of the award willbe based on Pearson's growth in sales and in earnings per share over the period2004 to 2007. The conditions and vesting arrangements will be set out in moredetail in the report on directors' remuneration for 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pearson