Core Points - The company granted performance-related restricted shares under the 2025 Long-Term Incentive Plan (LTIP) on May 1, 2025, which will vest on May 1, 2028, subject to performance conditions [1][2] - The awards to the Chief Executive, Omar Abbosh, and Chief Financial Officer, Sally Johnson, were determined based on the average mid-market closing share price of £11.668 for the five trading days up to April 30, 2025 [2] - The remuneration policy for these awards was approved by shareholders at the 2023 Annual General Meeting [2] Summary of Awards - Omar Abbosh received 394,155 restricted shares, representing 450% of his salary [2] - Sally Johnson received 159,411 restricted shares, representing 300% of her salary [2] - Both awards will be subject to an additional two-year holding period after vesting, extending to May 1, 2030 [1] Remuneration Committee's Authority - The Remuneration Committee has the right to adjust payouts based on underlying financial or non-financial performance, ensuring alignment between shareholder and management interests [3] Notification of Transactions - The transactions for both executives were reported as initial notifications under the UK Market Abuse Regulation [4][5] - The nature of the transactions involved the award of performance-related restricted shares under the LTIP [4][5]

1 Details of the person discharging managerial responsibilities/person closely associated a) Name Arthur Valentine 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, auction platform, auctioneer or auction monitor a) Name Pearson plc b) LEI 2138004JBXWWJKIURC57 4 Details of the transaction(s): section to be repe ...

1 Details of the person discharging managerial responsibilities/person closely associated a) Name Vishaal Gupta 2 Reason for the notification a) Position/status President – Enterprise Learning and Skills 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 repea ...

LONDON, May 2, 2025 /PRNewswire/ -- Pearson plc held its annual general meeting ("AGM") at 10:30am today. All resolutions set out in the Company's Notice of Annual General Meeting dated 27 March 2025 were proposed and approved on a poll.The table below shows the results of the poll for each resolution. As at 6.30pm on 30 April 2025, the Company's issued share capital was 661,685,614 ordinary shares of 25p each. The Company does not hold any ordinary shares in Treasury. Therefore, the total voting rights in ...

Pearson on track to deliver 2025 guidance1 with expected Q1 result and momentum building for the second halfLONDON, May 2, 2025 /PRNewswire/ --Highlights Underlying Group sales up 1%, with growth expected to accelerate in the second half of the year All business units performing in line with expectations; strong start for Higher Education with underlying sales up 6% Good progress against our 2025 strategic priorities, including: Expanding professional learning capabilities with our new Pearson Skilling Sui ...

SAN DIEGO, April 9, 2025 /PRNewswire/ -- Pearson (FTSE: PSON.L) and its Pearson VUE business, the global leader in computer-based testing, released their newest Value of IT Certification Candidate Report. This comprehensive study, the ninth in an ongoing series, provides crucial insights into the evolving landscape of IT certification and its impact on professionals and organizations worldwide. The report, based on survey responses from nearly 24,000 IT professionals across the globe, offers a detailed anal ...

New brand identity reflects learning as a core human need, essential for personal happiness and progressLONDON, April 7, 2025 /PRNewswire/ -- Pearson (FTSE: PSON.L), the world's leading learning company, today unveiled a dynamic new brand identity that demonstrates its leadership as a lifelong learning company. More than just a refreshed logo, the rebrand represents a deep understanding of the evolving needs of learners worldwide.Pearson's brand evolution is grounded in a core belief: humans are born to lea ...

MNV-201 is Minovia’s second generation mitochondrial cell therapy product composed of autologous hematopoietic stem cells enriched with allogeneic mitochondria Rare Pediatric Designation granted MNV-201 is also being studied in a Phase Ib for low-risk Myelodysplastic Syndrome; Preliminary clinical data demonstrate safety and efficacy HAIFA, Israel, April 03, 2025 (GLOBE NEWSWIRE) -- Minovia Therapeutics Ltd, a clinical stage biopharmaceutical company advancing mitochondrial therapies for primary and seconda ...

Dave Treat to lead Pearson's digital and technology operation, expanding his current architectural and innovation responsibilities LONDON, March 31, 2025 /PRNewswire/ -- Pearson (FTSE: PSON.L), the world's lifelong learning company, announced today that Dave Treat, Pearson's Chief Technology Officer, will assume leadership of the company's digital and technology operation alongside his current architectural and innovation responsibilities, effective April 7. Dave will continue to report to CEO Omar Abbosh a ...

Financial Performance - Total sales for 2024 were £3,552 million, representing a headline decrease of 3% compared to £3,674 million in 2023[15]. - Adjusted operating profit was £600 million, reflecting a year-on-year increase of 10% on an underlying basis[15]. - Free cash flow reached £490 million, with a free cash flow conversion rate of 117%[15]. - Underlying sales growth increased by 3% year-on-year, taking into account portfolio adjustments and foreign exchange[15]. - In 2024, Pearson generated a total shareholder return of 36% and distributed £474 million through dividends and share buyback programs[68]. - The Board recommended a 6% increase in the final dividend, resulting in a full-year dividend of 24.0p per share[69]. - Pearson's return on capital in 2024 was 10.5%[66]. - Adjusted operating profit for 2024 is projected at £600 million, reflecting a year-on-year increase of 10% on an underlying basis[80]. - Underlying sales growth for the year was 3%, excluding OPM and Strategic Review businesses, with operating cash conversion at 110% and free cash flow conversion at 117%[81]. - The company expects underlying sales growth and adjusted operating profit to align with current market expectations for 2025[182]. - In 2025, the company anticipates free cash flow conversion of 90-100% and a £0.1bn State Aid repayment[182]. - The effective tax rate on adjusted profit before tax is projected to be between 24% and 25%[182]. - Intangible amortisation charges in 2024 were £41m, down from £48m in 2023, due to decreased amortisation from disposals and increased from acquisitions[187]. Business Growth and Strategy - The company scaled AI across its products and services, enhancing generative AI tools in Higher Education courseware and developing new AI tools in English Language Learning and Virtual Learning[15]. - In 2024, Higher Education returned to growth, driven by the expansion of AI study tools products in the US[31]. - The Assessment & Qualifications business demonstrated strong financial performance and customer retention, with plans for geographic expansion and new contract wins in 2025[23]. - The company signed deals with ServiceNow, Degreed, Microsoft, and AWS to prepare employees and organizations for the future of work[15]. - The Workforce Skills unit will evolve into Enterprise Learning and Skills, focusing on talent planning and development solutions[40]. - Pearson expanded its AI-powered study tools across various platforms, including Pearson+ eTextbooks and MyLab, enhancing educational support for students and teachers[44]. - The partnership with Microsoft aims to equip the workforce for the AI-driven economy, focusing on personalized learning and new AI credentials[61]. - Pearson's collaboration with AWS will accelerate the delivery of AI-powered learning solutions globally[64]. - The company plans to expand market presence by enhancing formative assessment capabilities and broadening the enterprise customer base[100]. - The company is focusing on building its capabilities in data analytics to identify skill gaps and provide solutions to workforce challenges[103]. - Investment priorities are aligned with growth opportunities, particularly in Assessments & Verification, Enterprise Skills, and Early Careers[103]. - The company plans to launch a new brand in 2025, aiming to strengthen its position as a leader in lifelong learning[105]. - The brand strategy focuses on reframing the perception of learning, emphasizing its importance alongside sleep, nutrition, and exercise[105]. - The company will implement the brand transformation in phases, starting with critical growth areas such as Enterprise Skilling and Early Careers[108]. - The company aims to refine its offerings based on ongoing consultations with employers, identifying Enterprise as a medium-term growth vector[120]. Customer Engagement and Community Impact - Engagement with over 9,000 educators and 2,000 students in the UK through the Pearson School Report provides insights into the educational landscape[116]. - In 2024, employees volunteered over 33,000 hours in support of 360 causes, with participation in Learning for Impact activities increasing to 11%[148]. - The company donated $90,360 in humanitarian aid to the American Red Cross for hurricane relief in 2024[148]. - The company conducted research on the impact of English skills on job satisfaction, with 85% of respondents indicating English is important for their work life[133]. - The company is committed to creating exceptional employee experiences, recognizing that managers account for up to 70% of employee engagement variance[152]. - In 2024, 88% of employees participated in the engagement survey, with a Grand Mean score of 4.16 on a 5-point Likert scale, up from 82% and 4.09 in 2023[154]. Digital and Product Development - Digital sales growth was reported at +3% in 2024, with underlying growth in group digital and digital-enabled sales also at +3%[169]. - The number of Pearson+ registered users reached 10.1 million in 2024, an increase from 9.8 million in 2023[169]. - The net retention rate for Credly enterprise customers was reported at 91% in 2024, compared to 88% in 2023[169]. - VUE test volumes reached 2.3 million in 2024, down from 2.7 million in 2023[169]. - The average time for PTE speed of score return improved to 1.3 days in 2024, up from 1.0 days in 2023[169]. - The number of Mondly paid subscriptions increased to 495,000 in 2024, compared to 432,000 in 2023[169]. - The company reported a Grand Mean score of 4.24 on a 5-point Likert scale for employee engagement, up from 4.21 in 2023[169]. Sales Performance by Segment - Sales decreased by £122m or 3% from £3,674m in 2023 to £3,552m in 2024[178]. - Adjusted operating profit increased by £27m or 5% from £573m in 2023 to £600m in 2024[178]. - Operating cash flow was £662m in 2024, up from £587m in 2023[175]. - Free cash flow increased to £490m in 2024 from £387m in 2023[175]. - Adjusted earnings per share rose to 62.1p in 2024 from 58.2p in 2023[175]. - In Assessment & Qualifications, sales increased by 2% on a headline basis and 3% on an underlying basis, with adjusted operating profit up 7% in underlying terms[191]. - Virtual Learning sales decreased by 21% on a headline basis and 4% on an underlying basis, with adjusted operating profit down 13% in headline terms[195]. - Higher Education sales decreased by 3% on a headline basis but grew by 1% on an underlying basis, with adjusted operating profit increasing by 12% in underlying terms[197]. - English Language Learning sales increased by 1% on a headline basis and 8% on an underlying basis, with adjusted operating profit up 30% in underlying terms[199]. - Pearson VUE sales were up 3% in underlying terms, with a contract renewal rate of 99% for 2024[192]. - In Clinical Assessment, sales increased by 4% in underlying terms due to pricing and digital product growth[194]. - US digital subscriptions grew by 3%, with Inclusive Access up 24%[198].