("Pearson" or the "Company")
Pearson announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for the admission of 2,500,000 ordinary shares of 25 pence each in the capital of the Company ("New Shares") to be admitted to the Official List and to be traded on the main market of the London Stock Exchange ("Admission").
The New Shares will be issued in connection with distributions to participants of the Pearson Long Term Incentive Plan and allotted to the Company's Employment Benefit Trust. Subject to admission, the New Shares shall rank pari passu with the existing issued shares of the Company.
The number of ordinary shares in issue after this admission will be 756,234,370. Each ordinary share carries the right to one vote at general meetings. The Company does not hold any shares in Treasury. This figure (756,234,370) may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Admission is expected to become effective at 8.00 am on 28th April 2021.