16th Mar 2022 14:09
AMENDMENT(2(a), 2(b))
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: | 11 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 | 61,143 | 10.1118 USD | 10.1118 USD |
25p ordinary | SALES | 61,143 | 10.1124 USD | 10.1124 USD |
25p ordinary | PURCHASES | 7,204,402 | 8.1200 GBP | 6.5140 GBP |
25p ordinary | SALES | 5,872,582 | 8.1387 GBP | 6.5140 GBP |
ADS | PURCHASES | 11,209 | 10.3630 USD | 10.2605 USD |
ADS | SALES | 11,209 | 10.3630 USD | 10.2605 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 | 322 | 6.6476 GBP |
25p ordinary | CFD | increasing a long position | 320 | 6.6476 GBP |
25p ordinary | CFD | increasing a long position | 5,873 | 7.0268 GBP |
25p ordinary | CFD | increasing a long position | 1,123 | 7.2818 GBP |
25p ordinary | CFD | increasing a long position | 2,489 | 7.3538 GBP |
25p ordinary | CFD | increasing a long position | 17,473 | 7.3698 GBP |
25p ordinary | CFD | increasing a long position | 10,714 | 7.3997 GBP |
25p ordinary | CFD | increasing a long position | 836 | 7.4731 GBP |
25p ordinary | CFD | increasing a long position | 735 | 7.5558 GBP |
25p ordinary | CFD | increasing a long position | 338 | 7.5658 GBP |
25p ordinary | CFD | increasing a long position | 292 | 7.5658 GBP |
25p ordinary | CFD | increasing a long position | 1,745 | 7.5658 GBP |
25p ordinary | CFD | increasing a long position | 783 | 7.5658 GBP |
25p ordinary | CFD | increasing a long position | 18 | 7.5658 GBP |
25p ordinary | CFD | increasing a long position | 4,921 | 7.5830 GBP |
25p ordinary | CFD | increasing a long position | 28,276 | 7.6199 GBP |
25p ordinary | CFD | increasing a long position | 55,416 | 7.6660 GBP |
25p ordinary | CFD | increasing a long position | 22,230 | 7.6660 GBP |
25p ordinary | CFD | increasing a long position | 3,080 | 7.6660 GBP |
25p ordinary | CFD | increasing a long position | 1,117 | 7.6660 GBP |
25p ordinary | CFD | increasing a long position | 27,890 | 7.6683 GBP |
25p ordinary | CFD | increasing a long position | 805 | 7.6888 GBP |
25p ordinary | CFD | increasing a long position | 1,076 | 7.7199 GBP |
25p ordinary | CFD | increasing a long position | 18,319 | 7.7487 GBP |
25p ordinary | CFD | increasing a long position | 26,143 | 7.7722 GBP |
25p ordinary | CFD | increasing a long position | 17,558 | 7.7795 GBP |
25p ordinary | CFD | increasing a long position | 10,567 | 7.8549 GBP |
25p ordinary | CFD | increasing a long position | 559 | 7.9334 GBP |
25p ordinary | CFD | increasing a long position | 10,008 | 7.9400 GBP |
25p ordinary | CFD | increasing a long position | 5,000 | 7.9837 GBP |
25p ordinary | CFD | increasing a short position | 161 | 6.5601 GBP |
25p ordinary | CFD | increasing a short position | 22,091 | 6.9014 GBP |
25p ordinary | CFD | increasing a short position | 208,984 | 6.9429 GBP |
25p ordinary | CFD | increasing a short position | 66,660 | 6.9653 GBP |
25p ordinary | CFD | increasing a short position | 1,733 | 7.3085 GBP |
25p ordinary | CFD | increasing a short position | 27,218 | 7.3337 GBP |
25p ordinary | CFD | increasing a short position | 29,586 | 7.4673 GBP |
25p ordinary | CFD | increasing a short position | 110 | 7.6560 GBP |
25p ordinary | CFD | increasing a short position | 2,602 | 7.6560 GBP |
25p ordinary | CFD | increasing a short position | 169 | 7.6560 GBP |
25p ordinary | CFD | increasing a short position | 218 | 7.6560 GBP |
25p ordinary | CFD | increasing a short position | 1,033 | 7.6560 GBP |
25p ordinary | CFD | increasing a short position | 19,799 | 7.6607 GBP |
25p ordinary | CFD | increasing a short position | 60,201 | 7.6607 GBP |
25p ordinary | CFD | increasing a short position | 211 | 7.6660 GBP |
25p ordinary | CFD | increasing a short position | 7,279 | 7.6760 GBP |
25p ordinary | CFD | increasing a short position | 5,631 | 7.6760 GBP |
25p ordinary | CFD | increasing a short position | 3,663 | 7.6760 GBP |
25p ordinary | CFD | increasing a short position | 1,355 | 7.7000 GBP |
25p ordinary | CFD | increasing a short position | 1,000 | 7.7000 GBP |
25p ordinary | CFD | increasing a short position | 39,999 | 7.7288 GBP |
25p ordinary | CFD | increasing a short position | 15,500 | 7.7866 GBP |
25p ordinary | CFD | increasing a short position | 29,847 | 7.7994 GBP |
25p ordinary | CFD | increasing a short position | 382 | 7.8256 GBP |
25p ordinary | CFD | increasing a short position | 275 | 7.8311 GBP |
25p ordinary | CFD | increasing a short position | 415 | 7.8420 GBP |
25p ordinary | CFD | increasing a short position | 150,000 | 7.8658 GBP |
25p ordinary | CFD | increasing a short position | 595 | 8.0690 GBP |
25p ordinary | CFD | increasing a short position | 1,556 | 8.0690 GBP |
25p ordinary | CFD | reducing a long position | 128 | 6.5140 GBP |
25p ordinary | CFD | reducing a long position | 3,311 | 6.8999 GBP |
25p ordinary | CFD | reducing a long position | 1,061 | 6.9055 GBP |
25p ordinary | CFD | reducing a long position | 732 | 6.9055 GBP |
25p ordinary | CFD | reducing a long position | 1,322 | 6.9484 GBP |
25p ordinary | CFD | reducing a long position | 1,990 | 6.9614 GBP |
25p ordinary | CFD | reducing a long position | 3,952 | 6.9785 GBP |
25p ordinary | CFD | reducing a long position | 2,726 | 6.9785 GBP |
25p ordinary | CFD | reducing a long position | 3,140 | 7.3085 GBP |
25p ordinary | CFD | reducing a long position | 4,933 | 7.3166 GBP |
25p ordinary | CFD | reducing a long position | 6,701 | 7.3441 GBP |
25p ordinary | CFD | reducing a long position | 745 | 7.5381 GBP |
25p ordinary | CFD | reducing a long position | 322 | 7.5678 GBP |
25p ordinary | CFD | reducing a long position | 320 | 7.5690 GBP |
25p ordinary | CFD | reducing a long position | 50,000 | 7.6302 GBP |
25p ordinary | CFD | reducing a long position | 196 | 7.6520 GBP |
25p ordinary | CFD | reducing a long position | 673 | 7.6660 GBP |
25p ordinary | CFD | reducing a long position | 31,849 | 7.6660 GBP |
25p ordinary | CFD | reducing a long position | 805 | 7.6660 GBP |
25p ordinary | CFD | reducing a long position | 91 | 7.6660 GBP |
25p ordinary | CFD | reducing a long position | 16,587 | 7.6660 GBP |
25p ordinary | CFD | reducing a long position | 100,000 | 7.6859 GBP |
25p ordinary | CFD | reducing a long position | 21,697 | 7.7022 GBP |
25p ordinary | CFD | reducing a long position | 21,523 | 7.7143 GBP |
25p ordinary | CFD | reducing a long position | 96,951 | 7.7147 GBP |
25p ordinary | CFD | reducing a long position | 820 | 7.7157 GBP |
25p ordinary | CFD | reducing a long position | 1,196 | 7.7157 GBP |
25p ordinary | CFD | reducing a long position | 1,110 | 7.7177 GBP |
25p ordinary | CFD | reducing a long position | 762 | 7.7177 GBP |
25p ordinary | CFD | reducing a long position | 15,262 | 7.7526 GBP |
25p ordinary | CFD | reducing a long position | 1,069 | 7.7537 GBP |
25p ordinary | CFD | reducing a long position | 733 | 7.7537 GBP |
25p ordinary | CFD | reducing a long position | 60,000 | 7.7614 GBP |
25p ordinary | CFD | reducing a long position | 6,714 | 7.7835 GBP |
25p ordinary | CFD | reducing a long position | 1,286 | 7.7835 GBP |
25p ordinary | CFD | reducing a long position | 15,500 | 7.7866 GBP |
25p ordinary | CFD | reducing a long position | 31,706 | 7.7924 GBP |
25p ordinary | CFD | reducing a long position | 71,000 | 7.8108 GBP |
25p ordinary | CFD | reducing a long position | 48,940 | 7.8156 GBP |
25p ordinary | CFD | reducing a long position | 40,000 | 7.8248 GBP |
25p ordinary | CFD | reducing a long position | 148,937 | 7.8249 GBP |
25p ordinary | CFD | reducing a long position | 1,021 | 7.8256 GBP |
25p ordinary | CFD | reducing a long position | 19,527 | 7.9034 GBP |
25p ordinary | CFD | reducing a long position | 967 | 7.9034 GBP |
25p ordinary | CFD | reducing a long position | 83 | 7.9053 GBP |
25p ordinary | CFD | reducing a long position | 5,000 | 7.9849 GBP |
25p ordinary | CFD | reducing a long position | 50,000 | 8.0028 GBP |
25p ordinary | CFD | reducing a long position | 30,000 | 8.0607 GBP |
25p ordinary | CFD | reducing a short position | 1 | 6.5140 GBP |
25p ordinary | CFD | reducing a short position | 1,628 | 6.6476 GBP |
25p ordinary | CFD | reducing a short position | 1,634 | 6.6476 GBP |
25p ordinary | CFD | reducing a short position | 258 | 6.8340 GBP |
25p ordinary | CFD | reducing a short position | 350,000 | 6.8381 GBP |
25p ordinary | CFD | reducing a short position | 7,215 | 6.8645 GBP |
25p ordinary | CFD | reducing a short position | 234 | 6.8960 GBP |
25p ordinary | CFD | reducing a short position | 233 | 6.8961 GBP |
25p ordinary | CFD | reducing a short position | 27,218 | 7.3565 GBP |
25p ordinary | CFD | reducing a short position | 29,586 | 7.4557 GBP |
25p ordinary | CFD | reducing a short position | 382 | 7.5830 GBP |
25p ordinary | CFD | reducing a short position | 333,984 | 7.5969 GBP |
25p ordinary | CFD | reducing a short position | 700,000 | 7.6014 GBP |
25p ordinary | CFD | reducing a short position | 805 | 7.6446 GBP |
25p ordinary | CFD | reducing a short position | 4,132 | 7.6560 GBP |
25p ordinary | CFD | reducing a short position | 2,186 | 7.6660 GBP |
25p ordinary | CFD | reducing a short position | 275 | 7.6660 GBP |
25p ordinary | CFD | reducing a short position | 777 | 7.6761 GBP |
25p ordinary | CFD | reducing a short position | 608 | 7.6787 GBP |
25p ordinary | CFD | reducing a short position | 1,253 | 7.6888 GBP |
25p ordinary | CFD | reducing a short position | 7,891 | 7.7571 GBP |
25p ordinary | CFD | reducing a short position | 29,847 | 7.8418 GBP |
25p ordinary | CFD | reducing a short position | 8 | 7.8568 GBP |
25p ordinary | CFD | reducing a short position | 1,897 | 8.0690 GBP |
25p ordinary | CFD | reducing a short position | 254 | 8.0690 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: | 16 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