30th Mar 2022 18:24
AMENDMENT(2(a))
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: | 23 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 | 16,535 | 10.3001 USD | 10.2931 USD |
25p ordinary | SALES | 16,528 | 10.3001 USD | 10.3001 USD |
25p ordinary | PURCHASES | 351,837 | 7.8663 GBP | 7.7857 GBP |
25p ordinary | SALES | 1,185,100 | 7.8880 GBP | 7.7840 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 | 4,203 | 7.7934 GBP |
25p ordinary | CFD | increasing a long position | 19,113 | 7.7960 GBP |
25p ordinary | CFD | increasing a long position | 5 | 7.7960 GBP |
25p ordinary | CFD | increasing a long position | 20,000 | 7.8096 GBP |
25p ordinary | CFD | increasing a long position | 4,976 | 7.8123 GBP |
25p ordinary | CFD | increasing a long position | 9,200 | 7.8129 GBP |
25p ordinary | CFD | increasing a long position | 373 | 7.8227 GBP |
25p ordinary | CFD | increasing a long position | 60 | 7.8300 GBP |
25p ordinary | CFD | increasing a long position | 415 | 7.8370 GBP |
25p ordinary | CFD | increasing a long position | 2,606 | 7.8382 GBP |
25p ordinary | CFD | increasing a long position | 57 | 7.8500 GBP |
25p ordinary | CFD | increasing a short position | 14,741 | 7.7960 GBP |
25p ordinary | CFD | increasing a short position | 1,141 | 7.7960 GBP |
25p ordinary | CFD | increasing a short position | 1,966 | 7.7960 GBP |
25p ordinary | CFD | increasing a short position | 2,229 | 7.8105 GBP |
25p ordinary | CFD | increasing a short position | 10,000 | 7.8565 GBP |
25p ordinary | CFD | reducing a long position | 19,170 | 7.7960 GBP |
25p ordinary | CFD | reducing a long position | 249 | 7.7960 GBP |
25p ordinary | CFD | reducing a long position | 23,830 | 7.7960 GBP |
25p ordinary | CFD | reducing a long position | 14,456 | 7.7960 GBP |
25p ordinary | CFD | reducing a long position | 17,227 | 7.8034 GBP |
25p ordinary | CFD | reducing a long position | 17,198 | 7.8050 GBP |
25p ordinary | CFD | reducing a long position | 373 | 7.8222 GBP |
25p ordinary | CFD | reducing a long position | 2,606 | 7.8350 GBP |
25p ordinary | CFD | reducing a long position | 3,312 | 7.8361 GBP |
25p ordinary | CFD | reducing a long position | 1,538 | 7.8379 GBP |
25p ordinary | CFD | reducing a short position | 1 | 7.7900 GBP |
25p ordinary | CFD | reducing a short position | 3 | 7.7933 GBP |
25p ordinary | CFD | reducing a short position | 12 | 7.7942 GBP |
25p ordinary | CFD | reducing a short position | 44 | 7.7943 GBP |
25p ordinary | CFD | reducing a short position | 150 | 7.7944 GBP |
25p ordinary | CFD | reducing a short position | 386 | 7.7944 GBP |
25p ordinary | CFD | reducing a short position | 52 | 7.7944 GBP |
25p ordinary | CFD | reducing a short position | 50 | 7.7944 GBP |
25p ordinary | CFD | reducing a short position | 4 | 7.7950 GBP |
25p ordinary | CFD | reducing a short position | 82 | 7.7957 GBP |
25p ordinary | CFD | reducing a short position | 3,860 | 7.7958 GBP |
25p ordinary | CFD | reducing a short position | 1,327 | 7.7958 GBP |
25p ordinary | CFD | reducing a short position | 109 | 7.7958 GBP |
25p ordinary | CFD | reducing a short position | 9,952 | 7.7958 GBP |
25p ordinary | CFD | reducing a short position | 1,289 | 7.7958 GBP |
25p ordinary | CFD | reducing a short position | 1,137 | 7.7958 GBP |
25p ordinary | CFD | reducing a short position | 46 | 7.7959 GBP |
25p ordinary | CFD | reducing a short position | 15 | 7.7960 GBP |
25p ordinary | CFD | reducing a short position | 10 | 7.7990 GBP |
25p ordinary | CFD | reducing a short position | 586 | 7.7994 GBP |
25p ordinary | CFD | reducing a short position | 67 | 7.7994 GBP |
25p ordinary | CFD | reducing a short position | 227 | 7.7994 GBP |
25p ordinary | CFD | reducing a short position | 78 | 7.7995 GBP |
25p ordinary | CFD | reducing a short position | 76 | 7.7995 GBP |
25p ordinary | CFD | reducing a short position | 54 | 7.7998 GBP |
25p ordinary | CFD | reducing a short position | 52 | 7.7998 GBP |
25p ordinary | CFD | reducing a short position | 47 | 7.7998 GBP |
25p ordinary | CFD | reducing a short position | 157 | 7.7999 GBP |
25p ordinary | CFD | reducing a short position | 405 | 7.7999 GBP |
25p ordinary | CFD | reducing a short position | 5 | 7.8000 GBP |
25p ordinary | CFD | reducing a short position | 13 | 7.8000 GBP |
25p ordinary | CFD | reducing a short position | 12 | 7.8000 GBP |
25p ordinary | CFD | reducing a short position | 9 | 7.8000 GBP |
25p ordinary | CFD | reducing a short position | 2,471 | 7.8052 GBP |
25p ordinary | CFD | reducing a short position | 37,534 | 7.8123 GBP |
25p ordinary | CFD | reducing a short position | 4,976 | 7.8139 GBP |
25p ordinary | CFD | reducing a short position | 160 | 7.8151 GBP |
25p ordinary | CFD | reducing a short position | 1,242 | 7.8151 GBP |
25p ordinary | CFD | reducing a short position | 164 | 7.8152 GBP |
25p ordinary | CFD | reducing a short position | 14 | 7.8158 GBP |
25p ordinary | CFD | reducing a short position | 11 | 7.8161 GBP |
25p ordinary | CFD | reducing a short position | 6 | 7.8185 GBP |
25p ordinary | CFD | reducing a short position | 7 | 7.8186 GBP |
25p ordinary | CFD | reducing a short position | 84 | 7.8192 GBP |
25p ordinary | CFD | reducing a short position | 98 | 7.8192 GBP |
25p ordinary | CFD | reducing a short position | 729 | 7.8192 GBP |
25p ordinary | CFD | reducing a short position | 283 | 7.8192 GBP |
25p ordinary | CFD | reducing a short position | 95 | 7.8193 GBP |
25p ordinary | CFD | reducing a short position | 5 | 7.8200 GBP |
25p ordinary | CFD | reducing a short position | 3 | 7.8200 GBP |
25p ordinary | CFD | reducing a short position | 75 | 7.8213 GBP |
25p ordinary | CFD | reducing a short position | 59 | 7.8253 GBP |
25p ordinary | CFD | reducing a short position | 744 | 7.8286 GBP |
25p ordinary | CFD | reducing a short position | 219 | 7.8287 GBP |
25p ordinary | CFD | reducing a short position | 919 | 7.8289 GBP |
25p ordinary | CFD | reducing a short position | 123 | 7.8289 GBP |
25p ordinary | CFD | reducing a short position | 152 | 7.8346 GBP |
25p ordinary | CFD | reducing a short position | 118 | 7.8361 GBP |
25p ordinary | CFD | reducing a short position | 760 | 7.8377 GBP |
25p ordinary | CFD | reducing a short position | 362 | 7.8399 GBP |
25p ordinary | CFD | reducing a short position | 22 | 7.8400 GBP |
25p ordinary | CFD | reducing a short position | 28 | 7.8400 GBP |
25p ordinary | CFD | reducing a short position | 12 | 7.8400 GBP |
25p ordinary | CFD | reducing a short position | 1,952 | 7.8414 GBP |
25p ordinary | CFD | reducing a short position | 573 | 7.8414 GBP |
25p ordinary | CFD | reducing a short position | 14,603 | 7.8540 GBP |
25p ordinary | CFD | reducing a short position | 4,299 | 7.8540 GBP |
25p ordinary | CFD | reducing a short position | 2 | 7.8550 GBP |
25p ordinary | CFD | reducing a short position | 24 | 7.8567 GBP |
25p ordinary | CFD | reducing a short position | 3 | 7.8567 GBP |
25p ordinary | CFD | reducing a short position | 73 | 7.8567 GBP |
25p ordinary | CFD | reducing a short position | 21 | 7.8567 GBP |
25p ordinary | CFD | reducing a short position | 1 | 7.8600 GBP |
25p ordinary | CFD | reducing a short position | 517,601 | 7.8880 GBP |
25p ordinary | CFD | reducing a short position | 286,772 | 7.8880 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.
Related Shares:
Pearson