NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Pearson plc | |
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 specify): | ||
3. Full name of person(s) subject to the notification obligation: | Schroders plc. | |
4. Full name of shareholder(s) (if different from 3.): | ||
5. Date of the transaction and date on which the threshold is crossed or reached: | 24 November 2015 | |
6. Date on which issuer notified: | 25 November 2015 | |
7. Threshold(s) that is/are crossed or reached: | Above 5% |
8. Notified details: | |||||||
A: Voting rights attached to shares | |||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
Direct | Indirect | Direct | Indirect | ||||
Ordinary shares GB0006776081 | Below 5% | Below 5% | 43,354,783 | N/A | 42,272,781 | N/A | 5.149% |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial | Expiration | Exercise/ | Number of voting | % of voting |
rights that may be | ||||
instrument | date | Conversion Period | acquired if the | rights |
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 | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
CFD | 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 |
42,272,781 | 5.149% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Schroder & Co. Limited | 2,447,017 | 0.298% |
Schroders (C.I.) Limited | 200,172 | 0.024% |
Schroder Investment Management Limited | 39,625,592 | 4.826% |
Proxy Voting: | |
10. Name of the proxy holder: | N/A |
11. Number of voting rights proxy holder will cease to hold: | N/A |
12. Date on which proxy holder will cease to hold voting rights: | N/A |
13. Additional information: | 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 821,062,449 |
14. Contact name: | Chloe Talbot |
15. Contact telephone number: | +44 207 658 6000 |
Natalie Dale
Assistant Company Secretary Pearson plc
26 November 2015
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