Form 8.5 (EPT/NON-RI) Pearson plc

RNS Number : 3821G

Barclays PLC

29 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:		28 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:		7,768,509	1.03%	4,692,321	0.62%
(2)	Cash-settled derivatives:
			4,490,080	0.59%	3,826,679	0.51%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:		0	0.00%	0	0.00%
	TOTAL:		12,258,589	1.62%	8,519,000	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		150,517		7.9740 GBP	7.848 GBP
25p ordinary		Sale		375,763		7.9547 GBP	7.848 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 Short		11,002	7.9040 GBP
25p ordinary		SWAP		Decreasing Short		85,341	7.8962 GBP
25p ordinary		SWAP		Increasing Long		158	7.8870 GBP
25p ordinary		SWAP		Increasing Long		369	7.9740 GBP
25p ordinary		SWAP		Increasing Long		1,088	7.8712 GBP
25p ordinary		SWAP		Increasing Long		1,628	7.9266 GBP
25p ordinary		SWAP		Increasing Long		4,036	7.9064 GBP
25p ordinary		SWAP		Increasing Long		5,855	7.9358 GBP
25p ordinary		SWAP		Increasing Long		6,904	7.9259 GBP
25p ordinary		SWAP		Increasing Long		7,156	7.8907 GBP
25p ordinary		SWAP		Increasing Long		11,388	7.9050 GBP
25p ordinary		SWAP		Increasing Long		23,466	7.9126 GBP
25p ordinary		SWAP		Increasing Long		44,797	7.9060 GBP
25p ordinary		SWAP		Increasing Long		64,058	7.9095 GBP
25p ordinary		CFD		Increasing Short		563	7.9132 GBP
25p ordinary		CFD		Increasing Short		742	7.9007 GBP
25p ordinary		SWAP		Increasing Short		5,652	7.9547 GBP
25p ordinary		SWAP		Increasing Short		6,000	7.9112 GBP
25p ordinary		CFD		Increasing Short		12,217	7.9123 GBP
25p ordinary		CFD		Increasing Short		28,186	7.9000 GBP
25p ordinary		CFD		Increasing Short		56,688	7.9000 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:				29 Mar 2022
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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