21st Apr 2008 10:36
Pearson PLC21 April 2008 PEARSON PLC (the "Company") Annual Bonus Share Matching Plan (the "Plan") On 17 April 2008, participants became entitled to ordinary shares in the Company("Shares") on maturity of their right to "matching shares" under the rules ofthe Plan (the "Rules"). Under the Plan, participants who invest their after-taxbonus in shares become entitled, without payment, to "matching shares" on aone-for-one basis if a corporate performance target is met over a five yearperiod. In relation to awards made on 17 April 2003, the five year performancetarget was met in 2008. Accordingly, under the Rules, participants are nowentitled to matching shares on a one-for-one basis. The Rules require that sufficient shares are sold to discharge the PAYE incometax liability on the shares released. In consequence, the shares set out in thesecond column below were sold on 18 April 2008 at a price of 668.2119p pershare, leaving the after-tax number of shares set out in the final column below:- Name of Director Number of Shares Sold Number of Shares Retained David Bell 2545 3663Rona Fairhead 6297 9062John Makinson 5091 7326 As a result, the executive directors named below are interested in the followingshares (excluding shares to which they may become entitled , subject tosatisfaction of any relevant conditions, under the Company's employee shareschemes):- Name of Director Number of Shares % of Issued Share Capital David Bell 176,559 0.02184%Rona Fairhead 132,522 0.01639%John Makinson 313,918 0.03883% This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pearson