REG - Pearson PLC - Issuance of Medium Term Notes

PearsonAnnouncement

23/04/2026 17:15

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RNS Number : 7285B  Pearson PLC  23 April 2026

Pearson plc

 

23 April 2026

 

Issuance of Medium Term Notes

 

Pearson plc ("Pearson") announces that its subsidiary, Pearson Funding plc,
has today priced an issuance of £350,000,000 6.375 per cent. Guaranteed
Notes due 2036 (the "Notes") under its £3 billion Euro Medium Term Note
Programme, guaranteed by Pearson. The Notes will be admitted to trading on the
International Securities Market of the London Stock Exchange. Settlement of
the Notes issuance is expected on 28 April 2026.

 

Pearson intends to apply the net proceeds of the Notes for general corporate
purposes.

 

Barclays Bank PLC, HSBC Bank plc and Merrill Lynch International are Active
Bookrunners.

 

Contacts:

 

 Investor Relations   Alex Shore         +44 (0) 7720 947 853

                      Steph Crinnegan    +44 (0) 7780 555 351
                      Brennan Matthews    +1 (332) 238-8785
 Media

 Edelman Smithfield   Latika Shah        +44 (0) 7950 671 948

 Pearson              Laura Ewart        +44 (0) 7798 846 805

 

Disclaimers: The distribution of this announcement and other information in
connection with any offer in certain jurisdictions may be restricted by law
and persons who come into possession of this announcement or any document or
other information referred to herein should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any jurisdiction.

 

This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase any securities in any
jurisdiction. Any securities referred to herein will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"). Subject to
certain exceptions, such securities may not be offered, sold or delivered
within the United States or to, or for the account or benefit of, U.S.
persons.

 

This announcement is only intended for, and must only be used by or made
available to, persons in member states of the European Economic Area ("EEA")
who are "qualified investors" within the meaning of Article 2(e) of Regulation
(EU) 2017/1129 ("Qualified Investors"), and persons in the United Kingdom (the
"UK") who are (i) "professional clients", as defined in point (8) of Article
2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended; and/or (ii)
"qualified investors" as defined in paragraph 15 of Schedule 1 to the Public
Offers and Admissions to Trading Regulations 2024.

 

In addition, in the UK, this announcement is being made available only to, and
is directed only at, persons (i) who have professional experience in matters
relating to investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
"Order") and qualified investors falling within Article 49 of the Order, and
(ii) to whom it may otherwise lawfully be communicated (all such persons
together being referred to as "relevant persons"). This announcement must not
be acted on or relied on (i) in the UK, by persons who are not relevant
persons, and (ii) in any member state of the EEA, by persons who are not
Qualified Investors. Any investment or investment activity to which this
announcement relates is available only to (i) in the UK, relevant persons, and
(ii) in any member state of the EEA, Qualified Investors, and will be engaged
in only with such persons.

 

The manufacturer target market for the purpose of UK MiFIR product governance
is eligible counterparties and professional clients only (all distribution
channels). No EU PRIIPs key information document (KID) or UK DISC disclosure
document has been prepared as the Notes are not available to retail in EEA or
UK.

 

FCA/ICMA stabilisation applies.

 

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