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NOTICE RE $300,000,000 4.625% SENIOR NOTES

4 Aug 2017 07:05

RNS Number : 0865N
Pearson PLC
04 August 2017
 

NOTICE IN RESPECT OF THE$300,000,000 4.625% SENIOR NOTES DUE 2018 (THE "NOTES")

Rule 144A Notes: Cusip No.: 705015AB1, ISIN: 1 US705015AB12, Common Code: 017138693Regulation S Notes: Cusip No.: G69651AQ3 ISIN: USG69651AQ33, Common Code: 017138723

OF PEARSON PLC (THE "ISSUER")

The Issuer hereby announces that it intends to exercise its option to redeem the Notes in accordance with their terms prior to their maturity, provided that the partial disposal and recapitalisation of the Issuer's stake in Penguin Random House announced on 11 July 2017 (the "Penguin Random House Transaction") is successful. The Penguin Random House Transaction is currently pending regulatory clearance and is not expected to complete before the end of September 2017

Formal notice in respect of the redemption shall follow in due course, and such notice shall specify the date fixed for redemption and the redemption price.

For further information please contact:

Telephone: +44 20 7010 2310Investors: Tom WaldronPress: Tom Engel, Tom SteinerTreasury: Katharine Good, Sunil Boorman

This announcement contains inside information.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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