17th Mar 2022 10:09
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: | 16 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 | 895,972 | 8.3600 GBP | 8.0656 GBP |
25p ordinary | SALES | 557,271 | 8.3600 GBP | 8.0924 GBP |
ADS | PURCHASES | 5 | 10.8300 USD | 10.8300 USD |
ADS | SALES | 5 | 10.8300 USD | 10.8300 USD |
(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 | 450 | 8.1340 GBP |
25p ordinary | CFD | increasing a long position | 3,016 | 8.1506 GBP |
25p ordinary | CFD | increasing a long position | 8,018 | 8.1684 GBP |
25p ordinary | CFD | increasing a long position | 297 | 8.1738 GBP |
25p ordinary | CFD | increasing a long position | 57,418 | 8.2217 GBP |
25p ordinary | CFD | increasing a long position | 794 | 8.2258 GBP |
25p ordinary | CFD | increasing a long position | 8,324 | 8.2335 GBP |
25p ordinary | CFD | increasing a long position | 7,000 | 8.2593 GBP |
25p ordinary | CFD | increasing a long position | 3,700 | 8.2593 GBP |
25p ordinary | CFD | increasing a long position | 61,960 | 8.2600 GBP |
25p ordinary | CFD | increasing a long position | 355 | 8.2704 GBP |
25p ordinary | CFD | increasing a long position | 390 | 8.2738 GBP |
25p ordinary | CFD | increasing a short position | 8,759 | 8.1534 GBP |
25p ordinary | CFD | increasing a short position | 1,620 | 8.1693 GBP |
25p ordinary | CFD | increasing a short position | 1,280 | 8.1980 GBP |
25p ordinary | CFD | increasing a short position | 84 | 8.1980 GBP |
25p ordinary | CFD | increasing a short position | 107 | 8.1980 GBP |
25p ordinary | CFD | increasing a short position | 53 | 8.1980 GBP |
25p ordinary | CFD | increasing a short position | 26,496 | 8.2017 GBP |
25p ordinary | CFD | increasing a short position | 70 | 8.2150 GBP |
25p ordinary | CFD | increasing a short position | 55 | 8.2150 GBP |
25p ordinary | CFD | increasing a short position | 34 | 8.2150 GBP |
25p ordinary | CFD | increasing a short position | 834 | 8.2150 GBP |
25p ordinary | CFD | increasing a short position | 6,798 | 8.2155 GBP |
25p ordinary | CFD | increasing a short position | 80,178 | 8.2247 GBP |
25p ordinary | CFD | increasing a short position | 175 | 8.2280 GBP |
25p ordinary | CFD | increasing a short position | 227 | 8.2280 GBP |
25p ordinary | CFD | increasing a short position | 2,696 | 8.2280 GBP |
25p ordinary | CFD | increasing a short position | 112 | 8.2280 GBP |
25p ordinary | CFD | increasing a short position | 64 | 8.2330 GBP |
25p ordinary | CFD | increasing a short position | 33 | 8.2330 GBP |
25p ordinary | CFD | increasing a short position | 762 | 8.2330 GBP |
25p ordinary | CFD | increasing a short position | 50 | 8.2330 GBP |
25p ordinary | CFD | increasing a short position | 5,678 | 8.2355 GBP |
25p ordinary | CFD | increasing a short position | 1,822 | 8.2355 GBP |
25p ordinary | CFD | increasing a short position | 16,880 | 8.2563 GBP |
25p ordinary | CFD | increasing a short position | 549 | 8.2600 GBP |
25p ordinary | CFD | increasing a short position | 2,053 | 8.2604 GBP |
25p ordinary | CFD | increasing a short position | 53 | 8.2940 GBP |
25p ordinary | CFD | increasing a short position | 804 | 8.2940 GBP |
25p ordinary | CFD | increasing a short position | 68 | 8.2940 GBP |
25p ordinary | CFD | increasing a short position | 33 | 8.2940 GBP |
25p ordinary | CFD | increasing a short position | 93 | 8.3300 GBP |
25p ordinary | CFD | increasing a short position | 146 | 8.3300 GBP |
25p ordinary | CFD | increasing a short position | 188 | 8.3300 GBP |
25p ordinary | CFD | increasing a short position | 2,242 | 8.3300 GBP |
25p ordinary | CFD | increasing a short position | 65 | 8.3500 GBP |
25p ordinary | CFD | increasing a short position | 32 | 8.3500 GBP |
25p ordinary | CFD | increasing a short position | 754 | 8.3500 GBP |
25p ordinary | CFD | increasing a short position | 49 | 8.3500 GBP |
25p ordinary | CFD | reducing a long position | 2,473 | 8.1183 GBP |
25p ordinary | CFD | reducing a long position | 933 | 8.1205 GBP |
25p ordinary | CFD | reducing a long position | 329 | 8.1853 GBP |
25p ordinary | CFD | reducing a long position | 1,671 | 8.1853 GBP |
25p ordinary | CFD | reducing a long position | 18,631 | 8.1860 GBP |
25p ordinary | CFD | reducing a long position | 186 | 8.1860 GBP |
25p ordinary | CFD | reducing a long position | 473 | 8.1860 GBP |
25p ordinary | CFD | reducing a long position | 2,297 | 8.2031 GBP |
25p ordinary | CFD | reducing a long position | 360 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 318 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 72 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 93 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 5,858 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 6,839 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 4,926 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 706 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 83,763 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 481 | 8.2100 GBP |
25p ordinary | CFD | reducing a long position | 42,158 | 8.2185 GBP |
25p ordinary | CFD | reducing a long position | 827 | 8.2326 GBP |
25p ordinary | CFD | reducing a long position | 352 | 8.2336 GBP |
25p ordinary | CFD | reducing a long position | 13,881 | 8.2336 GBP |
25p ordinary | CFD | reducing a long position | 138 | 8.2337 GBP |
25p ordinary | CFD | reducing a long position | 45,649 | 8.2563 GBP |
25p ordinary | CFD | reducing a long position | 15,309 | 8.2600 GBP |
25p ordinary | CFD | reducing a long position | 1,073 | 8.2600 GBP |
25p ordinary | CFD | reducing a long position | 959 | 8.2600 GBP |
25p ordinary | CFD | reducing a long position | 116,502 | 8.2600 GBP |
25p ordinary | CFD | reducing a long position | 44,473 | 8.2600 GBP |
25p ordinary | CFD | reducing a short position | 1,620 | 8.1671 GBP |
25p ordinary | CFD | reducing a short position | 179 | 8.1980 GBP |
25p ordinary | CFD | reducing a short position | 1,345 | 8.1980 GBP |
25p ordinary | CFD | reducing a short position | 260 | 8.1990 GBP |
25p ordinary | CFD | reducing a short position | 3,900 | 8.2008 GBP |
25p ordinary | CFD | reducing a short position | 533 | 8.2080 GBP |
25p ordinary | CFD | reducing a short position | 876 | 8.2150 GBP |
25p ordinary | CFD | reducing a short position | 117 | 8.2150 GBP |
25p ordinary | CFD | reducing a short position | 2,832 | 8.2280 GBP |
25p ordinary | CFD | reducing a short position | 378 | 8.2280 GBP |
25p ordinary | CFD | reducing a short position | 802 | 8.2330 GBP |
25p ordinary | CFD | reducing a short position | 107 | 8.2330 GBP |
25p ordinary | CFD | reducing a short position | 6,798 | 8.2352 GBP |
25p ordinary | CFD | reducing a short position | 1,900 | 8.2600 GBP |
25p ordinary | CFD | reducing a short position | 50,389 | 8.2600 GBP |
25p ordinary | CFD | reducing a short position | 113 | 8.2940 GBP |
25p ordinary | CFD | reducing a short position | 845 | 8.2940 GBP |
25p ordinary | CFD | reducing a short position | 514 | 8.3300 GBP |
25p ordinary | CFD | reducing a short position | 2,356 | 8.3300 GBP |
25p ordinary | CFD | reducing a short position | 313 | 8.3300 GBP |
25p ordinary | CFD | reducing a short position | 8 | 8.3300 GBP |
25p ordinary | CFD | reducing a short position | 106 | 8.3500 GBP |
25p ordinary | CFD | reducing a short position | 794 | 8.3500 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: | 17 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.
Related Shares:
Pearson