Form 8.5 (EPT/NON-RI)-PEARSON PLC

RNS Number : 9526F

Barclays PLC

24 March 2022

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				PEARSON PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				Apollo Global Management, Inc. and its subsidiaries
	principal trader is connected
(d)	Date position held/dealing undertaken:				23 March 2022
(e)	In addition to the company in 1(b) above, is the exempt principal				NO
	trader making disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:			25p ordinary
			Interests		Short Positions
			Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:		6,611,014	0.87%	3,335,346	0.44%
(2)	Cash-settled derivatives:
			3,175,636	0.42%	2,616,764	0.35%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		9,786,650	1.29%	5,952,110	0.79%

(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
25p ordinary		Purchase		372,466		7.8620 GBP	7.796 GBP
25p ordinary		Sale		156,697		7.8620 GBP	7.796 GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
25p ordinary		SWAP		Decreasing Long		70	7.8460 GBP
25p ordinary		SWAP		Decreasing Long		85	7.8160 GBP
25p ordinary		SWAP		Decreasing Long		114	7.7983 GBP
25p ordinary		SWAP		Decreasing Long		125	7.8120 GBP
25p ordinary		SWAP		Decreasing Long		391	7.7960 GBP
25p ordinary		SWAP		Decreasing Long		427	7.8557 GBP
25p ordinary		SWAP		Decreasing Long		847	7.8493 GBP
25p ordinary		SWAP		Decreasing Long		897	7.8388 GBP
25p ordinary		SWAP		Decreasing Long		1,725	7.8007 GBP
25p ordinary		SWAP		Decreasing Long		3,698	7.8303 GBP
25p ordinary		SWAP		Decreasing Long		4,800	7.8079 GBP
25p ordinary		SWAP		Decreasing Long		5,192	7.8152 GBP
25p ordinary		SWAP		Decreasing Long		5,782	7.7960 GBP
25p ordinary		SWAP		Decreasing Long		7,839	7.8268 GBP
25p ordinary		SWAP		Decreasing Long		42,538	7.8113 GBP
25p ordinary		SWAP		Decreasing Long		99,539	7.8118 GBP
25p ordinary		SWAP		Decreasing Long		103,694	7.8083 GBP
25p ordinary		SWAP		Decreasing Short		1,000	7.8567 GBP
25p ordinary		SWAP		Decreasing Short		2,500	7.8396 GBP
25p ordinary		SWAP		Decreasing Short		8,074	7.8541 GBP
25p ordinary		SWAP		Decreasing Short		17,210	7.8255 GBP
25p ordinary		SWAP		Increasing Long		97	7.7959 GBP
25p ordinary		SWAP		Increasing Long		194	7.7959 GBP
25p ordinary		SWAP		Increasing Long		659	7.8508 GBP
25p ordinary		SWAP		Increasing Long		7,771	7.8235 GBP
25p ordinary		SWAP		Increasing Long		15,245	7.7956 GBP
25p ordinary		CFD		Increasing Short		159	7.8886 GBP
25p ordinary		SWAP		Increasing Short		179	7.8126 GBP
25p ordinary		CFD		Increasing Short		241	7.7953 GBP
25p ordinary		CFD		Increasing Short		4,360	7.7997 GBP
25p ordinary		CFD		Increasing Short		14,039	7.8400 GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader making the disclosure and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii)  the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				24 Mar 2022
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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