Pearson PLC Holding(s) in Company (5382X)

TIDMPSON TIDMSDR

RNS Number : 5382X

Pearson PLC

22 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                                     Pearson PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ---------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                                X 
--------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
--------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
--------------------------------------------------------------------------------------------------------- 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------------------------------------------------- 
 Other (please                                              Type 1 disclosure as per the Transparency       X 
  specify):                                                 Directive II Regulation 
---------------------------------------------------------  ---------------------------------------------- 
 3. Full name of person(s)                                                     Schroders plc 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------------ 
 4. Full name of shareholder(s)                                       Schroder Investment Management 
  (if different from 3.):(iv)                                                     Limited 
-----------------------------------------------------------  ------------------------------------------------ 
 5. Date of the transaction                                                      20.02.17 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------------ 
 6. Date on which issuer                                                         21.02.17 
  notified: 
-----------------------------------------------------------  ------------------------------------------------ 
 7. Threshold(s) that is/are                                                   From 10%-11% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  --------------------------------------------------------------- 
                Number                      Number            Number         Number of                 % of voting 
                 of                          of               of shares       voting                    rights (x) 
                 Shares                      Voting                           rights 
                                             Rights 
-------------  --------------------------  ----------------  -------------  ------------------------  ---------------------- 
                                                              Direct         Direct     Indirect       Direct     Indirect 
                                                                              (xi)       (xii) 
-------------      ---------  -----------      ------------  -------------  ---------  -------------  ---------  ----------- 
 GB0006776081   84,457,434                    84,525,261      91,637,701     N/A        90,681,773     N/A        11.024% 
               --------------------------  ----------------  -------------  ---------  -------------  ---------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                      Number of                   % of voting 
 financial           date                      Conversion                     voting                      rights 
 instrument          (xiii)                    Period (xiv)                   rights that 
                                                                              may be 
                                                                              acquired 
                                                                              if the 
                                                                              instrument 
                                                                              is 
                                                                              exercised/ 
                                                                              converted. 
-----------------  ------------------------  -----------------------------  --------------------------  -------------------- 
 N/A                N/A                       N/A                            N/A                         N/A 
-----------------  ------------------------  -----------------------------  --------------------------  -------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/       Number of voting          % of voting 
 financial        price         date             Conversion      rights instrument         rights (xix, 
 instrument                     (xvii)           period          refers to                 xx) 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  ------------------------  ----------------------------------- 
 N/A              N/A          N/A              N/A             N/A                       Nominal                   Delta 
---------------  -----------  ---------------  --------------  ------------------------  ------------------------  --------- 
                                                                                          N/A                       N/A 
-------------      ---------  -----------      ------------    -----------  ---------    ------------------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------------- 
 90,681,773                                                     11.024% 
-------------------------------------------------------------  ------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------- 
 
   Schroder Investment Management Limited 90,681,773 11.024% 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  ------------------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------  ------------------------------------------- 
 12. Date on which proxy holder 
  will cease to hold 
  voting rights: 
-------------------------------------------------------------  ------------------------------------------- 
 
 
  13. Additional information:                                   This notification is being made 
                                                                based on the legal entity position 
                                                                crossing above 11%. Schroders Plc's 
                                                                position remains as per the previous 
                                                                disclosure dated 6(th) February 
                                                                2017. The shares referred to in 

                                                                section 9 are held in portfolios 
                                                                managed by those firms on a discretionary 
                                                                basis for clients under investment 
                                                                management agreements. This disclosure 
                                                                has been calculated based on issue 
                                                                share capital amount 822,583,860. 
-------------------------------------------------------------  ------------------------------------------- 
 14. Contact name:                                                                         Shaheen Hussain 
-------------------------------------------------------------  ------------------------------------------- 
 15. Contact telephone 
  number:                                                                                 [phone] 
-------------------------------------------------------------  ------------------------------------------- 
 
 

Natalie Dale

Deputy Company Secretary

Pearson plc

22 February 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLOKBDDCBKKBBB

(END) Dow Jones Newswires

February 22, 2017 04:14 ET (09:14 GMT)