Last checked at 30 Mar 2022 09:57
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Pearson plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Pearson plc |
(d) Date dealing undertaken: | 29 March 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | NO |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | PURCHASES | 343,179 | 8.0300 GBP | 7.7160 GBP |
25p ordinary | SALES | 384,555 | 8.0300 GBP | 7.7382 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD | increasing a long position | 13,661 | 7.8518 GBP |
25p ordinary | CFD | increasing a long position | 19,180 | 7.8561 GBP |
25p ordinary | CFD | increasing a long position | 10,532 | 7.8580 GBP |
25p ordinary | CFD | increasing a long position | 103 | 7.8605 GBP |
25p ordinary | CFD | increasing a long position | 14,100 | 7.8796 GBP |
25p ordinary | CFD | increasing a long position | 9,000 | 7.9060 GBP |
25p ordinary | CFD | increasing a long position | 3,401 | 7.9134 GBP |
25p ordinary | CFD | increasing a long position | 5,655 | 8.0089 GBP |
25p ordinary | CFD | increasing a short position | 8,000 | 7.8122 GBP |
25p ordinary | CFD | increasing a short position | 5,653 | 7.8222 GBP |
25p ordinary | CFD | increasing a short position | 5,000 | 7.8377 GBP |
25p ordinary | CFD | increasing a short position | 19,916 | 7.8580 GBP |
25p ordinary | CFD | increasing a short position | 16,859 | 7.8650 GBP |
25p ordinary | CFD | increasing a short position | 1,598 | 7.8658 GBP |
25p ordinary | CFD | increasing a short position | 954 | 7.9008 GBP |
25p ordinary | CFD | increasing a short position | 191 | 8.0200 GBP |
25p ordinary | CFD | reducing a long position | 3,000 | 7.8083 GBP |
25p ordinary | CFD | reducing a long position | 4,287 | 7.8414 GBP |
25p ordinary | CFD | reducing a long position | 16,063 | 7.8535 GBP |
25p ordinary | CFD | reducing a long position | 30 | 7.8580 GBP |
25p ordinary | CFD | reducing a long position | 77 | 7.8580 GBP |
25p ordinary | CFD | reducing a long position | 16,187 | 7.8580 GBP |
25p ordinary | CFD | reducing a long position | 64,083 | 7.8580 GBP |
25p ordinary | CFD | reducing a long position | 44 | 7.8580 GBP |
25p ordinary | CFD | reducing a long position | 3,261 | 7.8580 GBP |
25p ordinary | CFD | reducing a long position | 14,095 | 7.8839 GBP |
25p ordinary | CFD | reducing a long position | 44 | 7.9041 GBP |
25p ordinary | CFD | reducing a short position | 10 | 7.7380 GBP |
25p ordinary | CFD | reducing a short position | 218 | 7.7382 GBP |
25p ordinary | CFD | reducing a short position | 134 | 7.7382 GBP |
25p ordinary | CFD | reducing a short position | 117 | 7.7382 GBP |
25p ordinary | CFD | reducing a short position | 35 | 7.7383 GBP |
25p ordinary | CFD | reducing a short position | 132 | 7.7383 GBP |
25p ordinary | CFD | reducing a short position | 52 | 7.7383 GBP |
25p ordinary | CFD | reducing a short position | 6 | 7.7383 GBP |
25p ordinary | CFD | reducing a short position | 19 | 7.7384 GBP |
25p ordinary | CFD | reducing a short position | 19 | 7.7384 GBP |
25p ordinary | CFD | reducing a short position | 8 | 7.7388 GBP |
25p ordinary | CFD | reducing a short position | 3 | 7.8033 GBP |
25p ordinary | CFD | reducing a short position | 11 | 7.8045 GBP |
25p ordinary | CFD | reducing a short position | 32 | 7.8047 GBP |
25p ordinary | CFD | reducing a short position | 30 | 7.8047 GBP |
25p ordinary | CFD | reducing a short position | 50 | 7.8048 GBP |
25p ordinary | CFD | reducing a short position | 27 | 7.8048 GBP |
25p ordinary | CFD | reducing a short position | 2 | 7.8050 GBP |
25p ordinary | CFD | reducing a short position | 4 | 7.8050 GBP |
25p ordinary | CFD | reducing a short position | 6 | 7.8050 GBP |
25p ordinary | CFD | reducing a short position | 2 | 7.8050 GBP |
25p ordinary | CFD | reducing a short position | 8 | 7.8050 GBP |
25p ordinary | CFD | reducing a short position | 3,889 | 7.8470 GBP |
25p ordinary | CFD | reducing a short position | 201 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 1,344 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 5,137 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 515 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 5,010 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 1,691 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 697 | 7.8578 GBP |
25p ordinary | CFD | reducing a short position | 5,653 | 7.8581 GBP |
25p ordinary | CFD | reducing a short position | 116 | 7.8591 GBP |
25p ordinary | CFD | reducing a short position | 182 | 7.8592 GBP |
25p ordinary | CFD | reducing a short position | 236 | 7.8592 GBP |
25p ordinary | CFD | reducing a short position | 2,826 | 7.8592 GBP |
25p ordinary | CFD | reducing a short position | 365 | 7.8597 GBP |
25p ordinary | CFD | reducing a short position | 5,262 | 7.8599 GBP |
25p ordinary | CFD | reducing a short position | 1,187 | 7.8600 GBP |
25p ordinary | CFD | reducing a short position | 884 | 7.8601 GBP |
25p ordinary | CFD | reducing a short position | 457 | 7.8601 GBP |
25p ordinary | CFD | reducing a short position | 3,293 | 7.8601 GBP |
25p ordinary | CFD | reducing a short position | 3,378 | 7.8601 GBP |
25p ordinary | CFD | reducing a short position | 516 | 7.8674 GBP |
25p ordinary | CFD | reducing a short position | 3,796 | 7.8674 GBP |
25p ordinary | CFD | reducing a short position | 1,371 | 7.8684 GBP |
25p ordinary | CFD | reducing a short position | 5,917 | 7.8686 GBP |
25p ordinary | CFD | reducing a short position | 3,178 | 7.8686 GBP |
25p ordinary | CFD | reducing a short position | 266 | 7.8686 GBP |
25p ordinary | CFD | reducing a short position | 1,021 | 7.8686 GBP |
25p ordinary | CFD | reducing a short position | 132 | 7.8687 GBP |
25p ordinary | CFD | reducing a short position | 430 | 7.8687 GBP |
25p ordinary | CFD | reducing a short position | 3,808 | 7.8687 GBP |
25p ordinary | CFD | reducing a short position | 206 | 7.8687 GBP |
25p ordinary | CFD | reducing a short position | 29 | 7.8697 GBP |
25p ordinary | CFD | reducing a short position | 32 | 7.8697 GBP |
25p ordinary | CFD | reducing a short position | 202 | 7.8698 GBP |
25p ordinary | CFD | reducing a short position | 227 | 7.8698 GBP |
25p ordinary | CFD | reducing a short position | 86 | 7.8698 GBP |
25p ordinary | CFD | reducing a short position | 233 | 7.8698 GBP |
25p ordinary | CFD | reducing a short position | 377 | 7.8698 GBP |
25p ordinary | CFD | reducing a short position | 61 | 7.8698 GBP |
25p ordinary | CFD | reducing a short position | 9 | 7.8700 GBP |
25p ordinary | CFD | reducing a short position | 14 | 7.8700 GBP |
25p ordinary | CFD | reducing a short position | 17 | 7.8700 GBP |
25p ordinary | CFD | reducing a short position | 30 | 7.8713 GBP |
25p ordinary | CFD | reducing a short position | 542 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 39 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 142 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 881 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 528 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 74 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 189 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 469 | 7.8715 GBP |
25p ordinary | CFD | reducing a short position | 19 | 7.8716 GBP |
25p ordinary | CFD | reducing a short position | 57 | 7.8716 GBP |
25p ordinary | CFD | reducing a short position | 954 | 7.8750 GBP |
25p ordinary | CFD | reducing a short position | 1,830 | 7.8869 GBP |
25p ordinary | CFD | reducing a short position | 248 | 7.8871 GBP |
25p ordinary | CFD | reducing a short position | 149 | 7.8888 GBP |
25p ordinary | CFD | reducing a short position | 1,759 | 7.8891 GBP |
25p ordinary | CFD | reducing a short position | 532 | 7.8891 GBP |
25p ordinary | CFD | reducing a short position | 1,980 | 7.8891 GBP |
25p ordinary | CFD | reducing a short position | 688 | 7.8892 GBP |
25p ordinary | CFD | reducing a short position | 112 | 7.8896 GBP |
25p ordinary | CFD | reducing a short position | 3,256 | 7.8899 GBP |
25p ordinary | CFD | reducing a short position | 71 | 7.8899 GBP |
25p ordinary | CFD | reducing a short position | 216 | 7.8905 GBP |
25p ordinary | CFD | reducing a short position | 306 | 7.8963 GBP |
25p ordinary | CFD | reducing a short position | 2,600 | 7.8966 GBP |
25p ordinary | CFD | reducing a short position | 362 | 7.8966 GBP |
25p ordinary | CFD | reducing a short position | 2,665 | 7.8966 GBP |
25p ordinary | CFD | reducing a short position | 698 | 7.8966 GBP |
25p ordinary | CFD | reducing a short position | 3,974 | 7.8968 GBP |
25p ordinary | CFD | reducing a short position | 946 | 7.8968 GBP |
25p ordinary | CFD | reducing a short position | 90 | 7.8974 GBP |
25p ordinary | CFD | reducing a short position | 139 | 7.8976 GBP |
25p ordinary | CFD | reducing a short position | 2,134 | 7.8977 GBP |
25p ordinary | CFD | reducing a short position | 178 | 7.8978 GBP |
25p ordinary | CFD | reducing a short position | 22 | 7.9095 GBP |
25p ordinary | CFD | reducing a short position | 25 | 7.9096 GBP |
25p ordinary | CFD | reducing a short position | 41 | 7.9098 GBP |
25p ordinary | CFD | reducing a short position | 1 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 2 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 12 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 1 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 6 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 1 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 6 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 7 | 7.9100 GBP |
25p ordinary | CFD | reducing a short position | 5 | 7.9160 GBP |
25p ordinary | CFD | reducing a short position | 17 | 7.9165 GBP |
25p ordinary | CFD | reducing a short position | 12 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 48 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 156 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 6 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 43 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 9 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 295 | 7.9167 GBP |
25p ordinary | CFD | reducing a short position | 176 | 7.9168 GBP |
25p ordinary | CFD | reducing a short position | 47 | 7.9168 GBP |
25p ordinary | CFD | reducing a short position | 29 | 7.9317 GBP |
25p ordinary | CFD | reducing a short position | 18 | 7.9317 GBP |
25p ordinary | CFD | reducing a short position | 138 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 514 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 185 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 858 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 38 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 527 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 56 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 71 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 457 | 7.9318 GBP |
25p ordinary | CFD | reducing a short position | 9 | 7.9822 GBP |
25p ordinary | CFD | reducing a short position | 18 | 7.9822 GBP |
25p ordinary | CFD | reducing a short position | 43 | 7.9823 GBP |
25p ordinary | CFD | reducing a short position | 34 | 7.9824 GBP |
25p ordinary | CFD | reducing a short position | 214 | 7.9824 GBP |
25p ordinary | CFD | reducing a short position | 131 | 7.9824 GBP |
25p ordinary | CFD | reducing a short position | 128 | 7.9824 GBP |
25p ordinary | CFD | reducing a short position | 4 | 7.9825 GBP |
25p ordinary | CFD | reducing a short position | 12 | 7.9825 GBP |
25p ordinary | CFD | reducing a short position | 114 | 7.9825 GBP |
25p ordinary | CFD | reducing a short position | 7 | 7.9829 GBP |
25p ordinary | CFD | reducing a short position | 2,695 | 7.9945 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 30 March 2022 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.