REG - Morgan Stanley & Co. Pearson PLC - Form 8.5 (EPT/RI) - Pearson Plc

PearsonAnnouncement

28/03/2022 10:30

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RNS Number : 2247G  Morgan Stanley & Co. Int'l plc  28 March 2022

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED
INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Name of exempt principal trader:                                            Morgan Stanley & Co. International plc
 (b) Name of offeror/offeree in relation to whose relevant securities this form  Pearson plc
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        Pearson plc
 connected:
 (d) Date dealing undertaken:                                                    25 March 2022
 (e) In addition to the company in 1(b) above, is the exempt principal trader    NO
 making disclosures in respect of any other party to this offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

 Class of relevant security  Purchases/ sales  Total number of securities  Highest price per unit paid/received  Lowest price per unit paid/received

 25p ordinary                SALES             255,443                     7.8640 GBP                            7.6520 GBP
 25p ordinary                PURCHASES         417,932                     7.8700 GBP                            7.6678 GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 25p ordinary                CFD                  increasing a long position                                                     46                              7.6580 GBP
 25p ordinary                CFD                  increasing a long position                                                     84                              7.6638 GBP
 25p ordinary                CFD                  increasing a long position                                                     4,767                           7.7376 GBP
 25p ordinary                CFD                  increasing a long position                                                     39,000                          7.7627 GBP
 25p ordinary                CFD                  increasing a long position                                                     600                             7.7804 GBP
 25p ordinary                CFD                  increasing a long position                                                     7,256                           7.8041 GBP
 25p ordinary                CFD                  increasing a long position                                                     9,885                           7.8103 GBP
 25p ordinary                CFD                  increasing a long position                                                     6,290                           7.8351 GBP
 25p ordinary                CFD                  increasing a long position                                                     520                             7.8468 GBP
 25p ordinary                CFD                  increasing a long position                                                     911                             7.8640 GBP
 25p ordinary                CFD                  increasing a long position                                                     25,679                          7.8640 GBP
 25p ordinary                CFD                  increasing a short position                                                    968                             7.7002 GBP
 25p ordinary                CFD                  increasing a short position                                                    1,787                           7.7204 GBP
 25p ordinary                CFD                  increasing a short position                                                    8,717                           7.7229 GBP
 25p ordinary                CFD                  increasing a short position                                                    5,818                           7.8402 GBP
 25p ordinary                CFD                  increasing a short position                                                    3,627                           7.8581 GBP
 25p ordinary                CFD                  reducing a long position                                                       105                             7.6740 GBP
 25p ordinary                CFD                  reducing a long position                                                       8,948                           7.7861 GBP
 25p ordinary                CFD                  reducing a long position                                                       17,750                          7.7906 GBP
 25p ordinary                CFD                  reducing a long position                                                       11,884                          7.8297 GBP
 25p ordinary                CFD                  reducing a long position                                                       26,610                          7.8402 GBP
 25p ordinary                CFD                  reducing a long position                                                       17,063                          7.8438 GBP
 25p ordinary                CFD                  reducing a long position                                                       801                             7.8535 GBP
 25p ordinary                CFD                  reducing a long position                                                       45,048                          7.8581 GBP
 25p ordinary                CFD                  reducing a long position                                                       53,595                          7.8640 GBP
 25p ordinary                CFD                  reducing a short position                                                      960                             7.7080 GBP
 25p ordinary                CFD                  reducing a short position                                                      968                             7.7125 GBP
 25p ordinary                CFD                  reducing a short position                                                      1,787                           7.7233 GBP
 25p ordinary                CFD                  reducing a short position                                                      32                              7.7500 GBP
 25p ordinary                CFD                  reducing a short position                                                      3,280                           7.8240 GBP
 25p ordinary                CFD                  reducing a short position                                                      11,814                          7.8240 GBP
 25p ordinary                CFD                  reducing a short position                                                      283                             7.8422 GBP
 25p ordinary                CFD                  reducing a short position                                                      22,545                          7.8640 GBP

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.
 N/A                         N/A                                   N/A                                         N/A                                           N/A                      N/A                            N/A          N/A

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option
 N/A                         N/A                  N/A                            N/A                   N/A

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion
 N/A                         N/A                             N/A      N/A

 

3.         OTHER INFORMATION

 

(a)        Indemnity and other dealing 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:

 Irrevocable commitments and letters of intent should not be included.  If
 there are no such agreements, arrangements or understandings, state "none"
 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 or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"
 NONE

 

 

 Date of disclosure:  28 March 2022
 Contact name:        Craig Horsley
 Telephone number:    +44 141 245-7736

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

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