9th Mar 2026 09:17
(Alliance News) - Pearson PLC on Monday said it has engaged a subsidiary of Morgan Stanley to facilitate the second and final tranche of its GBP350 million share buyback programme.
The London-based education materials publisher launched the buyback in late January, with Citigroup Global Markets Ltd conducting the first half. Pearson at the time said it expected this first tranche to be completed by May 21.
On Monday, Pearson said that it has entered into updated arrangements with Citi, under which it now expects the first tranche to conclude on or before April 2.
It said it has returned around GBP74 million to shareholders to date, buying back 7.9 million shares, with approximately GBP101 million of the first tranche left.
Pearson also said it has entered an engagement with Morgan Stanley & Co International PLC to conduct the second and final tranche, under which the buybacks will start on the next trading day following completion of the first tranche.
Pearson expects the second tranche, under which it intends to bring the buyback's total value to GBP350 million, to finish on or before May 29.
Additionally, Pearson said it enters 2026 with momentum and confidence in delivering its outlook for this year and beyond, standing by its outlook as detailed in its 2025 report. Alongside its 2025 results, published in late February, Pearson said it expects adjusted operating profit ranging from GBP640 million to GBP685 million, with an underlying sales growth rate in the mid single digits, for the current year.
Shares in Pearson were 0.3% higher at 979.20 pence on Monday morning in London.
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Pearson