Pearson PLC Bond Tender Offer of Pearson Funding Five plc
March 13 2019 - 9:28AM
Dow Jones News
TIDMPSON
RNS Number : 7755S
Pearson PLC
13 March 2019
Final Results of the Cash tender offer for EUR500m 1.875% Notes
due 2021 issued by Pearson Funding Five plc and Guaranteed by
Pearson Plc
13 March 2019
The company is announcing today the final results of its
subsidiary company Pearson Funding Five Plc tender of its EUR500m
1.875 per cent. Notes due 2021, guaranteed by Pearson Plc (ISIN:
XS1068765418), of which EUR250m remained outstanding prior to the
Offer.
The Offer was announced on 6 March 2019 and was made on the
terms and subject to the offer and distribution restrictions set
out in the tender offer memorandum dated 6 March 2019.
The capitalised terms in this announcement have the meanings
given to them in the Tender Offer Memorandum.
Results of the Offer
As at the Expiration Deadline, the Company had received valid
tenders of EUR55,443,000 in an aggregate nominal amount of the
Notes for purchase. The Company announces that it has decided to
accept for purchase all Notes validly tendered pursuant to the
Offer.
About Pearson
Pearson is the world's learning company, with expertise in
educational courseware and assessment, and a range of teaching and
learning services powered by technology. Our mission is to help
people make progress in their lives through learning. We believe
that learning opens up opportunities, creating fulfilling careers
and better lives. For more, visit: www.pearson.com/corporate.
Contacts
Jo Russell, Tom Waldron, Anjali +44 (0) 207 010
Investor Relations Kotak 2310
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+44 (0) 207 010
Media Tom Steiner 2310
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+44 (0) 7525
Treasury James Kelly 679 788
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Charles Pretzlik, Nick Cosgrove, +44 (0) 207 404
Brunswick Simone Selzer 5959
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END
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March 13, 2019 09:13 ET (13:13 GMT)
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