Pearson PLC Holding(s) in Company (7523L)

TIDMPSON

RNS Number : 7523L

Pearson PLC

21 July 2017

TR-1: Standard form for notification of major holdings

 
 
 1a. Identity of the issuer                                           Pearson PLC 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
-------------------------------------------------------------------------------------  ------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                 X 
-------------------------------------------------------------------------------------  ------------- 
 An acquisition or disposal of financial instruments 
-------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) : 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               Silchester International 
                                                     Investors LLP 
 City and country of registered                     London, UK 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name                                               No individual shareholder 
                                                     holds more than 5% of voting 
                                                     rights. 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered                     N/A 
  office (if applicable) 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                     20(th) July 2017 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   21(st) July 2017 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                               % of voting            % of voting        Total of       Total number 
                              rights attached       rights through       both in %       of voting 
                                 to shares             financial        (8.A + 8.B)      rights of 
                                 (total of            instruments                        issuer(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                          2) 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached             10.01%                     Nil               10.01%            822,586,857 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)            5.04%                      Nil               5.04% 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 
 
 
 8. Notified details of the resulting situation on the date 
  on which the threshold was crossed or reached(viii) 
-------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------- 
 Class/type        Number of voting rights(ix)     % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------- 
                      Direct         Indirect                    Direct                     Indirect 
                     (Art 9 of       (Art 10 of            (Art 9 of Directive              (Art 10 of 
                     Directive       Directive                 2004/109/EC)                 Directive 
                    2004/109/EC)    2004/109/EC)                 (DTR5.1)                  2004/109/EC) 
                      (DTR5.1)       (DTR5.2.1)                                             (DTR5.2.1) 
---------------   --------------  --------------  ------------------------------------  ---------------- 
 GB0006776081                      82,305,309                                            10.01% 
----------------  --------------  --------------  ------------------------------------  ---------------- 
 
 
 SUBTOTAL 8. 
  A                         82,305,309                                    10.01% 
----------------  ------------------------------  ------------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of 
  Directive 2004/109/EC (DTR5.3.1.1 (a)) 
-------------------------------------------------------------------------------------------------------- 
 Type of           Expiration      Exercise/       Number of voting                      % of voting 
  financial         date(x)         Conversion      rights that                           rights 
  instrument                        Period(xi)      may be acquired 
                                                    if the instrument 
                                                    is 
                                                    exercised/converted. 
----------------  --------------  --------------  ------------------------------------  ---------------- 
 N/A               N/A             N/A             N/A                                   N/A 
----------------  --------------  --------------  ------------------------------------  ---------------- 
 
 
                                   SUBTOTAL 8.     N/A                                   N/A 
                                    B 1 
                                  --------------  ------------------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 
  (b)) 
-------------------------------------------------------------------------------------------------------- 
 Type of          Expiration       Exercise/       Physical          Number              % of voting 
  financial       date(x)          Conversion      or cash           of voting            rights 
  instrument                       Period (xi)     settlement(xii)   rights 
---------------  ---------------  --------------  ----------------  ------------------  ---------------- 
 N/A              N/A              N/A             N/A               N/A                 N/A 
---------------  ---------------  --------------  ----------------  ------------------  ---------------- 
 
 
                                                   SUBTOTAL          N/A                 N/A 
                                                    8.B.2 
                                                  ----------------  ------------------  ---------------- 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is                                              X 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 
 Full chain of controlled undertakings through which 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
--------------------------------------------------------------------------------------  -------------- 
    Name(xv)                % of voting              % of voting               Total of both 
                            rights if it           rights through               if it equals 
                            equals or is              financial                 or is higher 
                            higher than              instruments            than the notifiable 
                           the notifiable           if it equals                 threshold 
                             threshold              or is higher 
                                                      than the 
                                                     notifiable 
                                                      threshold 
----------------  ------------------------------  ----------------  ---------------------------------- 
 N/A 
----------------  ------------------------------  ----------------  ---------------------------------- 
 
 
 
 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------------------------ 
 Name of the proxy holder                          Silchester International 

                                                    Investors LLP 
------------------------------------------------  ---------------------------------------------------- 
 The number and % of voting                        N/A 
  rights held 
------------------------------------------------  ---------------------------------------------------- 
 The date until which the                          N/A 
  voting rights will be held 
------------------------------------------------  ---------------------------------------------------- 
 
 11. Additional information(xvi) 
------------------------------------------------------------------------------------------------------ 
 Silchester International Investors LLP ("Silchester") 
  acts as investment manager for certain commingled 
  funds (our "Clients"). In acting for our Clients, Silchester 
  is given full discretion over their investments and 
  is empowered to vote on their behalf. However, we do 
  not act as our Clients' custodian and therefore 
  shares are not held in our name but in the name of each 
  Client's custodian bank. 
------------------------------------------------------------------------------------------------------ 
 
 
 
 Place of completion   London, UK 
--------------------  ----------------- 
 Date of completion    21(st) July 2017 
--------------------  ----------------- 
 

Natalie White

Deputy Company Secretary

Pearson plc

21 July 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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