Pearson PLC — Major Shareholding Notification 2018

Nov 23, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3478I

Pearson PLC

23 November 2018

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Pearson plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments						X
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			The Goldman Sachs Group, Inc.
City and country of registered office (if applicable)			Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA
4. Full name of shareholder(s) (if different from 3.)v
Name			Goldman Sachs International
City and country of registered office (if applicable)			Peterborough Court, 133 Fleet Street, London EC4A 2BB, UK
5. Date on which the threshold was crossed or reachedvi:			20/11/2018
6. Date on which issuer notified (DD/MM/YYYY):			22/11/2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	0.57%	5.93%		6.50%	781,067,196
Position of previous notification (if applicable)	0.53%	2.20%		2.73%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB0006776081				4,117,791					0.53%
US7050151056				360,826					0.05%
SUBTOTAL 8. A		4,478,617					0.57%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
Securities Lending		Open				16,459,727			2.11%
Put Option		15-Mar-2019				1,000,000			0.13%
Put Option		15-Feb-2019				1,000,000			0.13%
Call Option		21-Dec-2018				400,000			0.05%
			SUBTOTAL 8. B 1			18,859,727			2.41%
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
Refer to Annexure
					SUBTOTAL 8.B.2			27,467,462	3.52%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
The Goldman Sachs Group, Inc.
Goldman Sachs (UK) LLC
Goldman Sachs Group UK Limited
Goldman Sachs International		3.76%	3.78%
The Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC
The Goldman Sachs Group, Inc.
GSAM Holdings LLC
Goldman Sachs Asset Management, L.P.
Goldman Sachs Asset Management International Holdings L.L.C.
Goldman Sachs Asset Management Co., Ltd.
The Goldman Sachs Group, Inc.
GSAM Holdings LLC
Goldman Sachs Asset Management, L.P.
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional informationxvi
Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error. General email contact: [email protected]

Place of completion	London, UK
Date of completion	22/11/2018

Natalie White

Deputy Company Secretary

23 November 2018

Annexure
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex	Exercise/Conversion periodxi	Physical or cash settlementxii	Number of voting rights	% of voting rights
CFD	10-Dec-2025		Cash	3,850,190	0.49%
CFD	23-Sep-2020		Cash	2,464,000	0.32%
Swap	7-May-2019		Cash	1,876,758	0.24%
CFD	13-Nov-2028		Cash	1,771,353	0.23%
CFD	20-Oct-2027		Cash	1,207,888	0.15%
Swap	28-Jul-2021		Cash	1,096,212	0.14%
Swap	28-Jul-2021		Cash	757,148	0.10%
CFD	15-Sep-2028		Cash	743,664	0.10%
CFD	9-Sep-2021		Cash	711,542	0.09%
Swap	21-May-2019		Cash	601,165	0.08%
Call Option	9-Jan-2019		Cash	475,416	0.06%
Swap	12-Oct-2023		Cash	397,330	0.05%
CFD	15-Nov-2028		Cash	368,890	0.05%
Swap	7-May-2019		Cash	360,243	0.05%
Call Option	15-Jan-2019		Cash	337,081	0.04%
CFD	15-Jul-2021		Cash	328,703	0.04%
CFD	16-Jun-2028		Cash	328,703	0.04%
CFD	21-Jun-2028		Cash	323,174	0.04%
CFD	20-Oct-2027		Cash	308,401	0.04%
CFD	20-Oct-2027		Cash	308,140	0.04%
CFD	17-Nov-2028		Cash	277,000	0.04%
Swap	7-May-2019		Cash	274,507	0.04%
Call Option	11-Jan-2019		Cash	267,053	0.03%
CFD	24-Mar-2028		Cash	259,000	0.03%
CFD	19-May-2027		Cash	253,415	0.03%
Swap	3-Feb-2023		Cash	250,801	0.03%
CFD	27-Sep-2028		Cash	217,594	0.03%
CFD	13-Nov-2028		Cash	209,365	0.03%
CFD	9-Sep-2021		Cash	208,879	0.03%
CFD	23-Aug-2028		Cash	204,000	0.03%
Swap	28-Jul-2021		Cash	203,317	0.03%
Swap	2-Feb-2023		Cash	198,606	0.03%
CFD	20-Oct-2021		Cash	182,500	0.02%
Swap	28-Jul-2021		Cash	170,231	0.02%
CFD	12-Jul-2023		Cash	158,153	0.02%
CFD	25-Apr-2019		Cash	157,463	0.02%
CFD	12-Jun-2028		Cash	156,757	0.02%
CFD	22-Nov-2028		Cash	134,667	0.02%
Swap	28-Jul-2021		Cash	131,070	0.02%
Swap	7-May-2019		Cash	128,958	0.02%
Call Option	8-Feb-2019		Cash	128,167	0.02%
CFD	17-Nov-2028		Cash	125,499	0.02%
CFD	25-Feb-2027		Cash	122,707	0.02%
CFD	17-Nov-2028		Cash	121,696	0.02%
Swap	17-Sep-2020		Cash	120,551	0.02%
Swap	5-Sep-2019		Cash	120,300	0.02%
Swap	3-Feb-2023		Cash	117,797	0.02%
CFD	15-Nov-2028		Cash	116,110	0.01%
CFD	10-Mar-2028		Cash	113,835	0.01%
Swap	13-Oct-2023		Cash	113,548	0.01%
Swap	22-Mar-2019		Cash	113,300	0.01%
Swap	2-Feb-2023		Cash	93,281	0.01%
CFD	17-Jul-2028		Cash	92,500	0.01%
CFD	1-Mar-2028		Cash	92,210	0.01%
Swap	14-Jun-2023		Cash	86,565	0.01%
Swap	12-Jul-2023		Cash	84,590	0.01%
CFD	26-Nov-2021		Cash	80,948	0.01%
CFD	11-Aug-2023		Cash	77,077	0.01%
Swap	7-May-2019		Cash	74,747	0.01%
Swap	7-Jul-2023		Cash	73,094	0.01%
Swap	5-Sep-2019		Cash	72,000	0.01%
CFD	27-Oct-2027		Cash	71,883	0.01%
CFD	25-Apr-2019		Cash	69,385	0.01%
Swap	3-Feb-2023		Cash	68,758	0.01%
CFD	20-Nov-2028		Cash	68,454	0.01%
CFD	5-Nov-2027		Cash	64,825	0.01%
CFD	17-Nov-2028		Cash	64,651	0.01%
CFD	10-Jul-2019		Cash	63,409	0.01%
Swap	7-May-2019		Cash	59,699	0.01%
Swap	15-Jun-2023		Cash	57,709	0.01%
CFD	20-Nov-2028		Cash	57,045	0.01%
CFD	1-Mar-2028		Cash	56,462	0.01%
Swap	5-Sep-2019		Cash	55,700	0.01%
CFD	17-Jul-2028		Cash	55,000	0.01%
Swap	2-Feb-2023		Cash	54,448	0.01%
CFD	14-Jan-2021		Cash	51,561	0.01%
CFD	25-Apr-2019		Cash	50,000	0.01%
CFD	10-Mar-2028		Cash	47,354	0.01%
Swap	1-Feb-2023		Cash	43,214	0.01%
CFD	14-Jan-2021		Cash	42,705	0.01%
CFD	18-Nov-2019		Cash	42,230	0.01%
Swap	23-Dec-2019		Cash	42,200	0.01%
CFD	25-Apr-2019		Cash	41,002	0.01%
Swap	14-Jun-2023		Cash	40,052	0.01%
CFD	17-Nov-2028		Cash	39,501	0.01%
CFD	17-Nov-2028		Cash	38,304	0.005%
CFD	22-Nov-2028		Cash	38,030	0.005%
Swap	12-Jul-2023		Cash	37,897	0.005%
CFD	27-Feb-2023		Cash	37,726	0.005%
CFD	17-Nov-2028		Cash	36,622	0.005%
CFD	17-Jul-2023		Cash	34,800	0.004%
CFD	21-Jul-2028		Cash	34,000	0.004%
Swap	7-Jul-2023		Cash	32,746	0.004%
CFD	14-Jul-2023		Cash	30,500	0.004%
Swap	12-Jun-2023		Cash	30,225	0.004%
CFD	25-Feb-2027		Cash	29,702	0.004%
CFD	25-Apr-2019		Cash	29,469	0.004%
CFD	30-Oct-2028		Cash	28,773	0.004%
Swap	15-Jun-2023		Cash	26,702	0.003%
CFD	1-Nov-2028		Cash	26,197	0.003%
CFD	13-Sep-2028		Cash	26,000	0.003%
CFD	6-Jul-2023		Cash	25,488	0.003%
CFD	1-Nov-2028		Cash	25,474	0.003%
CFD	25-Apr-2019		Cash	24,541	0.003%
CFD	27-Feb-2023		Cash	24,265	0.003%
CFD	26-Nov-2021		Cash	24,179	0.003%
Swap	14-Jun-2023		Cash	23,383	0.003%
Swap	12-Jul-2023		Cash	22,173	0.003%
CFD	25-Sep-2028		Cash	21,600	0.003%
CFD	20-Nov-2028		Cash	21,546	0.003%
CFD	17-Nov-2028		Cash	20,349	0.003%
Swap	1-Feb-2023		Cash	20,297	0.003%
CFD	21-Jan-2028		Cash	20,119	0.003%
Swap	7-Jul-2023		Cash	19,160	0.002%
Swap	5-Sep-2019		Cash	18,900	0.002%
CFD	17-Jul-2023		Cash	18,700	0.002%
CFD	20-Nov-2028		Cash	17,955	0.002%
Swap	7-May-2019		Cash	16,302	0.002%
Swap	28-Mar-2019		Cash	16,200	0.002%
Swap	22-May-2020		Cash	16,129	0.002%
Swap	30-Apr-2019		Cash	15,800	0.002%
Swap	22-May-2020		Cash	15,796	0.002%
Swap	15-Jun-2023		Cash	15,589	0.002%
CFD	11-Nov-2020		Cash	15,090	0.002%
CFD	21-Jul-2028		Cash	15,000	0.002%
CFD	18-Sep-2019		Cash	15,000	0.002%
CFD	19-Oct-2028		Cash	15,000	0.002%
Swap	28-Nov-2018		Cash	14,300	0.002%
Swap	17-Sep-2020		Cash	14,153	0.002%
Swap	12-Jun-2023		Cash	13,985	0.002%
Swap	3-Nov-2021		Cash	12,609	0.002%
Swap	22-May-2020		Cash	12,597	0.002%
CFD	20-Nov-2028		Cash	12,400	0.002%
CFD	22-Nov-2028		Cash	11,970	0.002%
Swap	1-Feb-2023		Cash	11,847	0.002%
CFD	26-Jun-2019		Cash	11,475	0.001%
Swap	29-Nov-2018		Cash	10,900	0.001%
CFD	28-Oct-2020		Cash	10,812	0.001%
Swap	5-Sep-2019		Cash	10,800	0.001%
CFD	27-Feb-2023		Cash	10,519	0.001%
Swap	6-Feb-2019		Cash	10,500	0.001%
CFD	27-Nov-2019		Cash	10,110	0.001%
CFD	21-Oct-2021		Cash	9,890	0.001%
Swap	12-Oct-2023		Cash	8,622	0.001%
Swap	12-Jun-2023		Cash	8,165	0.001%
Swap	22-May-2020		Cash	7,925	0.001%
CFD	25-Apr-2019		Cash	7,650	0.001%
Swap	22-May-2020		Cash	7,437	0.001%
Swap	22-May-2020		Cash	6,834	0.001%
CFD	27-Nov-2019		Cash	6,740	0.001%
Swap	22-May-2020		Cash	6,153	0.001%
CFD	20-Nov-2028		Cash	5,772	0.001%
CFD	15-Dec-2027		Cash	5,000	0.001%
CFD	8-Mar-2028		Cash	5,000	0.001%
CFD	12-May-2028		Cash	5,000	0.001%
CFD	3-Nov-2028		Cash	4,984	0.001%
Swap	22-May-2020		Cash	4,774	0.001%
CFD	27-Jan-2028		Cash	4,641	0.001%
CFD	27-Oct-2028		Cash	4,511	0.001%
Swap	22-May-2020		Cash	3,941	0.001%
Swap	5-Sep-2019		Cash	3,900	0.0005%
Swap	3-Nov-2021		Cash	3,634	0.0005%
CFD	25-Apr-2019		Cash	3,060	0.0004%
Swap	22-May-2020		Cash	3,050	0.0004%
CFD	2-Nov-2028		Cash	2,900	0.0004%
Swap	22-May-2020		Cash	2,857	0.0004%
Swap	3-Nov-2021		Cash	2,556	0.0003%
CFD	28-Oct-2020		Cash	2,350	0.0003%
CFD	28-Oct-2020		Cash	2,350	0.0003%
CFD	21-May-2020		Cash	2,282	0.0003%
Swap	3-Nov-2021		Cash	2,214	0.0003%
CFD	25-Oct-2028		Cash	1,929	0.0002%
Swap	22-May-2020		Cash	1,768	0.0002%
CFD	26-Oct-2028		Cash	1,547	0.0002%
CFD	16-Nov-2028		Cash	1,259	0.0002%
CFD	15-Nov-2028		Cash	1,100	0.0001%
CFD	27-Jan-2028		Cash	1,055	0.0001%
CFD	18-Sep-2028		Cash	907	0.0001%
CFD	22-Nov-2028		Cash	836	0.0001%
CFD	20-Nov-2028		Cash	532	0.0001%
Swap	22-May-2020		Cash	461	0.0001%
Swap	22-May-2020		Cash	419	0.0001%
CFD	8-Nov-2028		Cash	400	0.0001%
CFD	22-Nov-2028		Cash	400	0.0001%
Call Option	21-Nov-2018		Cash	398	0.0001%
Swap	22-May-2020		Cash	329	0.00004%
Swap	22-May-2020		Cash	323	0.00004%
CFD	9-Nov-2028		Cash	300	0.00004%
CFD	10-Nov-2028		Cash	300	0.00004%
CFD	15-Nov-2028		Cash	300	0.00004%
CFD	22-Nov-2028		Cash	300	0.00004%
CFD	27-Sep-2028		Cash	123	0.00002%
CFD	5-Oct-2028		Cash	122	0.00002%
CFD	22-Nov-2028		Cash	100	0.00001%
CFD	27-Sep-2028		Cash	90	0.00001%
CFD	6-Oct-2028		Cash	82	0.00001%
CFD	2-Oct-2028		Cash	61	0.00001%
CFD	23-Oct-2028		Cash	19	0.000002%
Total Number of voting rights and percentage of voting rights				27,467,462	3.52%
Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

HOLFKNDBKBDDQDB