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PSON Pearson Plc

1,011.50
-0.50 (-0.05%)
Last Updated: 15:43:06
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
  -0.50 -0.05% 1,011.50 1,011.50 1,012.00 1,014.50 1,006.50 1,007.00 340,822 15:43:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Publishing 3.67B 378M 0.5505 18.37 6.95B

Pearson PLC - Disposal of Stake

01/07/1997 11:06am

UK Regulatory


RNS No 7438m
PEARSON PLC
30th June 1997


PEARSON SELLS STAKE IN TROLL

Torstar Corporation, a Canadian publicly quote company, has agreed to purchase
Troll Communications including Pearson plc's 49% interest.  Pearson, through its
Penguin subsidiary, invested $59m in Troll in May 1995.  Upon completion of the
sale Pearson will have received proceeds of approximately $92m including
repayment of its original investment.  The sale proceeds will be used to reduce
Pearson's net borrowings.  The transaction is expected to be completed around
the end of July when necessary regulatory consent has been received.

Michael Lynton, Chairman and Chief Executive of Penguin said "The disposal will
allow Penguin to concentrate on its core trade book publishing activities.  We
look forward to selling our children's books to Troll and its new owners".


For further information please contact:

Clare Chalmers                Pearson plc         0171 411 2312

END


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