Last checked at 15 Mar 2022 18:32
FORM 8.5 (EPT/NON-RI) Amendment to Sale |
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
(OR WHERE RI STATUS IS NOT APPLICABLE) |
Rule 8.5 of the Takeover Code (the "Code") |
1. | KEY INFORMATION | ||||
(a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||
(b) | Name of offeror/offeree in relation to whose | PEARSON PLC | |||
relevant securities this form relates: | |||||
(c) | Name of the party to the offer with which exempt | Apollo Global Management, Inc. and its subsidiaries | |||
principal trader is connected | |||||
(d) | Date position held/dealing undertaken: | 11 March 2022 | |||
(e) | In addition to the company in 1(b) above, is the exempt principal | NO | |||
trader making disclosures in respect of any other party to the offer? | |||||
2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
to which the disclosure relates following the dealing (if any) | |||||||
Class of relevant security: | 25p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) | Relevant securities owned | ||||||
and/or controlled: | 6,173,105 | 0.82% | 2,894,519 | 0.38% | |||
(2) | Cash-settled derivatives: | ||||||
2,691,686 | 0.36% | 2,515,176 | 0.33% | ||||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 8,864,791 | 1.17% | 5,409,695 | 0.71% | |||
(b) | Rights to subscribe for new securities (including directors and other executive | ||||||
options) | |||||||
Class of relevant security in relation to | |||||||
which subscription right exists | |||||||
Details, including nature of the rights | |||||||
concerned and relevant percentages: | |||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
security | securities | paid/received | paid/received | ||||
25p ordinary | Purchase | 3,945,708 | 8.0080 GBP | 6.514 GBP | |||
25p ordinary | Sale | 5,861,792 | 8.0029 GBP | 6.594 GBP | |||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
25p ordinary | SWAP | Opening Long | 28 | 6.5787 GBP | |||
25p ordinary | SWAP | Opening Long | 72 | 6.5500 GBP | |||
25p ordinary | SWAP | Opening Long | 638 | 6.5940 GBP | |||
25p ordinary | SWAP | Opening Long | 1,391 | 7.6659 GBP | |||
25p ordinary | SWAP | Opening Long | 1,596 | 8.0251 GBP | |||
25p ordinary | SWAP | Opening Long | 3,986 | 8.0102 GBP | |||
25p ordinary | SWAP | Opening Long | 4,793 | 7.8296 GBP | |||
25p ordinary | SWAP | Opening Long | 7,868 | 6.9377 GBP | |||
25p ordinary | SWAP | Opening Long | 8,582 | 7.4506 GBP | |||
25p ordinary | SWAP | Opening Long | 11,732 | 7.9333 GBP | |||
25p ordinary | SWAP | Opening Long | 14,815 | 6.8575 GBP | |||
25p ordinary | SWAP | Opening Long | 20,000 | 6.6495 GBP | |||
25p ordinary | SWAP | Opening Long | 37,255 | 7.4767 GBP | |||
25p ordinary | SWAP | Opening Long | 37,368 | 7.5685 GBP | |||
25p ordinary | SWAP | Opening Long | 38,354 | 7.8435 GBP | |||
25p ordinary | SWAP | Opening Long | 42,438 | 7.4136 GBP | |||
25p ordinary | SWAP | Opening Long | 62,395 | 7.0827 GBP | |||
25p ordinary | SWAP | Opening Long | 74,740 | 7.3877 GBP | |||
25p ordinary | SWAP | Opening Long | 81,073 | 7.5399 GBP | |||
25p ordinary | SWAP | Opening Long | 89,962 | 7.7056 GBP | |||
25p ordinary | SWAP | Opening Long | 117,769 | 7.6481 GBP | |||
25p ordinary | SWAP | Opening Long | 120,740 | 7.5832 GBP | |||
25p ordinary | SWAP | Opening Long | 199,693 | 7.8184 GBP | |||
25p ordinary | SWAP | Opening Long | 208,417 | 7.6941 GBP | |||
25p ordinary | SWAP | Opening Long | 210,306 | 7.9400 GBP | |||
25p ordinary | SWAP | Opening Long | 212,868 | 7.4011 GBP | |||
25p ordinary | SWAP | Opening Long | 217,523 | 7.6623 GBP | |||
25p ordinary | SWAP | Opening Long | 222,039 | 7.8549 GBP | |||
25p ordinary | SWAP | Opening Long | 276,262 | 6.7764 GBP | |||
25p ordinary | SWAP | Opening Long | 2,280,366 | 7.8458 GBP | |||
25p ordinary | SWAP | Opening Short | 308 | 7.0849 GBP | |||
25p ordinary | SWAP | Opening Short | 342 | 7.3062 GBP | |||
25p ordinary | SWAP | Opening Short | 399 | 7.9478 GBP | |||
25p ordinary | SWAP | Opening Short | 713 | 7.6062 GBP | |||
25p ordinary | SWAP | Opening Short | 902 | 7.8083 GBP | |||
25p ordinary | SWAP | Opening Short | 1,426 | 7.6062 GBP | |||
25p ordinary | CFD | Opening Short | 4,258 | 7.1134 GBP | |||
25p ordinary | SWAP | Opening Short | 6,000 | 7.7437 GBP | |||
25p ordinary | SWAP | Opening Short | 9,669 | 7.5536 GBP | |||
25p ordinary | SWAP | Opening Short | 10,607 | 7.7526 GBP | |||
25p ordinary | SWAP | Opening Short | 12,593 | 7.9034 GBP | |||
25p ordinary | SWAP | Opening Short | 15,078 | 7.7022 GBP | |||
25p ordinary | CFD | Opening Short | 16,034 | 7.1091 GBP | |||
25p ordinary | CFD | Opening Short | 16,185 | 7.1413 GBP | |||
25p ordinary | SWAP | Opening Short | 22,034 | 7.7924 GBP | |||
25p ordinary | SWAP | Opening Short | 24,122 | 6.7954 GBP | |||
25p ordinary | SWAP | Opening Short | 59,250 | 7.8099 GBP | |||
25p ordinary | SWAP | Opening Short | 63,250 | 7.3201 GBP | |||
25p ordinary | CFD | Opening Short | 206,087 | 7.9249 GBP | |||
25p ordinary | SWAP | Opening Long | 11,086 | 7.7451 GBP | |||
25p ordinary | SWAP | Opening Long | 1,024,112 | 7.5605 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | applicable) | ||||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings 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: | |||||||
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 of future acquisition or disposal of any relevant securities to which | |||||||
any derivative is referenced: | |||||||
NONE | |||||||
(c) | Attachments | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 15 Mar 2022 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||