Pearson PLC Holding(s) in Company (0531I)

TIDMPSON TIDMSDR

RNS Number : 0531I

Pearson PLC

14 June 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                                                      12.06.17 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------------ 
 6. Date on which issuer                                                         13.06.17 
  notified: 
-----------------------------------------------------------  ------------------------------------------------ 
 7. Threshold(s) that is/are                                                   From 11%-12% 
  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   97,022,937                    96,072,463      99,729,596     N/A        98,753,346     N/A        12.005% 
               --------------------------  ----------------  -------------  ---------  -------------  ---------  ----------- 
 
 
 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 
-------------------------------------------------------------  ------------------------------------------------------------- 
 98,753,346                                                     12.005% 
-------------------------------------------------------------  ------------------------------------------------------------- 
 
 
 
 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 98,753,346 12.005% 
 
 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 disclosure is being made due 
                                                                to the legal entity position crossing 
                                                                above the 12% threshold. The position 
                                                                for Schroders plc remains as per 
                                                                the disclosure made 04.04.17. 
 
                                                                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 issued 
                                                                share capital amount 822,586,857. 
-------------------------------------------------------------  ---------------------------------------- 
 14. Contact name:                                                                         Chloe Talbot 
-------------------------------------------------------------  ---------------------------------------- 
 15. Contact telephone 
  number:                                                                              [phone] 
-------------------------------------------------------------  ---------------------------------------- 
 
 

Natalie White

Deputy Company Secretary

Pearson plc

14 June 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 14, 2017 04:26 ET (08:26 GMT)