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PSON Pearson Plc

994.00
0.20 (0.02%)
Last Updated: 11:22:57
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pearson Plc LSE:PSON London Ordinary Share GB0006776081 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.02% 994.00 994.00 994.20 995.60 985.40 990.20 367,304 11:22:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Publishing 3.67B 378M 0.5497 18.07 6.83B

Pearson PLC Tender Offer for Pearson Funding Five plc

18/01/2018 9:40am

Dow Jones News


Pearson (LSE:PSON)
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TIDMPSON

RNS Number : 2500C

Pearson PLC

18 January 2018

PEARSON PLC

("Pearson" or the "Company")

"Pearson announces that its subsidiary Pearson Funding Five plc has today announced the launch of a market tender to repurchase up to EUR400m of its EUR500m 1.875 per cent. Notes due 2021, guaranteed by Pearson (ISIN: XS1068765418) and EUR500m 1.375 per cent. Notes due 2025, guaranteed by Pearson (ISIN: XS1228153661).

The tender is intended to ensure that the group's gross issued bond debt which currently exceeds net debt is reduced to more closely align with net debt in order to promote an efficient balance sheet."

This information is provided by RNS

The company news service from the London Stock Exchange

END

TENFKFDKCBKKCDD

(END) Dow Jones Newswires

January 18, 2018 04:25 ET (09:25 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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