REG - Pearson PLC - Holding(s) in Company <Origin Href="QuoteRef">PSON.L</Origin>

PearsonAnnouncement

20/10/2016 09:35

RNS Number : 0552N
Pearson PLC
20 October 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:ii
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:iii
Silchester International Investors LLP
4. Full name of shareholder(s)
(if different from 3.):iv
Silchester International Investors International Value Equity Taxable Trust
Silchester International Investors International Value Equity Trust
Silchester International Investors International Value Equity Group Trust
Silchester International Investors Tobacco Free International Value Equity Trust
The Calleva Trust
5. Date of the transaction and date on
which the threshold is crossed or
reached:v
19th October 2016
6. Date on which issuer notified:
19th October 2016
7. Threshold(s) that is/are crossed or
reached: vi, vii
Crossing above 5%


8. Notified details:
A: Voting rights attached to sharesviii, ix
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 x
Direct
Direct xi
Indirect xii
Direct
Indirect
GB0006776081
40,775,547
40,775,547


41,437,136

5.04%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date xiii
Exercise/
Conversion Period xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
N/A
N/A
N/A
N/A
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price
Expiration date xvii
Exercise/
Conversion period xviii
Number of voting rights instrument refers to
% of voting rights xix, xx
N/A
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
41,437,136
5.04%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
N/A

Proxy Voting:
10. Name of the proxy holder:
Silchester International Investors LLP
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:

Silchester International Investors LLP ("Silchester") acts as investment manager for the clients detailed in Question 4 above (our "Clients"). In acting for our Clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf. However, we do not act as our Clients' custodian and therefore shares are not held in our name but in the name of each Client's custodian bank. 
The increase in Silchester's holdings was due to a series of transactions over a series of different trading days. The figure shown in the box related to the position prior to the transaction represents shares controlled by Silchester immediately prior to crossing 5%.
Notification is provided based on the total voting rights figure of 822,120,897.
14. Contact name:
Timothy J. Linehan, Senior Partner
15. Contact telephone number:
0207 518 7125
Natalie Dale
Deputy Company Secretary
Pearson plc
20 October 2016

This information is provided by RNS
The company news service from the London Stock Exchange
  END
HOLAKKDBFBDKCKB