Form 8.5 (EPT/NON-RI) Pearson plc

RNS Number : 2220G

Barclays PLC

28 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:		25 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:		7,867,231	1.04%	4,565,797	0.60%
(2)	Cash-settled derivatives:
			4,361,931	0.58%	3,881,776	0.51%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		12,229,162	1.61%	8,447,573	1.12%

(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		477,887		7.8640 GBP	7.5591 GBP
25p ordinary		Sale		690,689		7.8660 GBP	7.664 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		28,486	7.7175 GBP
25p ordinary		SWAP		Decreasing Long		180,108	7.5591 GBP
25p ordinary		SWAP		Decreasing Short		12,053	7.7649 GBP
25p ordinary		SWAP		Decreasing Short		23,197	7.8421 GBP
25p ordinary		SWAP		Increasing Long		334	7.8223 GBP
25p ordinary		SWAP		Increasing Long		630	7.8248 GBP
25p ordinary		SWAP		Increasing Long		674	7.6380 GBP
25p ordinary		SWAP		Increasing Long		720	7.6820 GBP
25p ordinary		SWAP		Increasing Long		1,589	7.6712 GBP
25p ordinary		SWAP		Increasing Long		2,158	7.7032 GBP
25p ordinary		SWAP		Increasing Long		4,492	7.7695 GBP
25p ordinary		SWAP		Increasing Long		10,071	7.7255 GBP
25p ordinary		SWAP		Increasing Long		10,895	7.7367 GBP
25p ordinary		SWAP		Increasing Long		17,597	7.7895 GBP
25p ordinary		SWAP		Increasing Long		20,000	7.7359 GBP
25p ordinary		SWAP		Increasing Long		102,905	7.8521 GBP
25p ordinary		SWAP		Increasing Long		105,243	7.8036 GBP
25p ordinary		SWAP		Increasing Long		254,477	7.8511 GBP
25p ordinary		SWAP		Increasing Short		820	7.6538 GBP
25p ordinary		CFD		Increasing Short		1,211	7.7487 GBP
25p ordinary		CFD		Increasing Short		1,960	7.6762 GBP
25p ordinary		CFD		Increasing Short		3,281	7.7570 GBP
25p ordinary		CFD		Increasing Short		12,548	7.8639 GBP
25p ordinary		SWAP		Increasing Short		14,538	7.8492 GBP
25p ordinary		CFD		Increasing Short		64,541	7.8639 GBP
25p ordinary		SWAP		Opening Short		83,591	7.8640 GBP
25p ordinary		SWAP		Opening Long		21,159	7.8636 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:				28 Mar 2022
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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