Pearson PLC — Major Shareholding Notification 2016

Oct 20, 2016

National Storage Mechanism | Additional information

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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 shares viii, 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

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