Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
2024年3月1日 - 9:09PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
month of March 2024
PEARSON plc
(Exact
name of registrant as specified in its charter)
N/A
(Translation
of registrant's name into English)
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address
of principal executive office)
Indicate
by check mark whether the Registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F
X
Form 40-F
Indicate
by check mark whether the Registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934
Yes
No X
1 March 2024
Pearson plc
Announcement of share repurchase programme
Further to its announcement on 1 March 2024 of its
Preliminary Results, Pearson plc (the Company) announces that it has entered into an engagement
with Citigroup Global Markets Limited (the Bank) to execute its £200 million share buyback
programme (the Programme).
The Programme will commence the next business day following
completion of the current £300 million share buyback programme
announced on 20 September 2023, and is anticipated to end on or
before 8 August 2024 (the Engagement
Period). As per the 20
September 2023 announcement, it is anticipated that the current
£300 million share buyback programme will end on or before 7
March 2024. Purchases may continue during any closed periods of the
Company during the Engagement Period.
The Company has entered into an engagement with the Bank under
which it has issued a non-discretionary irrevocable instruction to
the Bank to manage the Programme. The Bank will carry out the
instruction through the acquisition of ordinary shares in the
Company for subsequent repurchase by the Company. The Bank will
make trading decisions in relation to the Company's ordinary shares
repurchased under the Programme independently of, and uninfluenced
by, the Company.
Any acquisitions of its ordinary shares by the Company will be
effected within certain pre-set parameters set out in the Bank's
engagement letter, and in accordance with the Company's AGM
authority to repurchase ordinary shares as in force from time to
time (at the AGM on 28 April 2023, shareholders gave the Company
authority to purchase a maximum of 71,612,324 ordinary shares),
Chapter 12 of the Financial Conduct Authority's Listing Rules and
the provisions of the Market Abuse Regulation 596/2014/EU (as it
forms part of UK law pursuant to the European Union (Withdrawal)
Act 2018, as amended) and will be discontinued in the event that
the Company ceases to have the necessary general authority to
repurchase ordinary shares.
The sole purpose of the Programme is to reduce the capital of the
Company. As such, the Company will cancel any ordinary shares
purchased.
For the avoidance of doubt, no repurchases will be made in respect
of the Company's American Depositary Receipts.
The Bank may undertake transactions in the Company's ordinary
shares during the Engagement Period in order to manage its market
exposure under the Programme.
CONTACTS
Investor Relations
|
Jo Russell
|
+44 (0)
7785 451 266
|
|
Gemma
Terry
|
+44 (0)
7841 363 216
|
|
Brennan
Matthews
|
+1
(332) 238-8785
|
Teneo
|
Charles Armitstead
|
+44 (0)
7703 330 269
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
PEARSON
plc
|
|
|
Date:
01 March 2024
|
|
|
By: /s/
NATALIE WHITE
|
|
|
|
------------------------------------
|
|
Natalie
White
|
|
Deputy
Company Secretary
|
Pearson (NYSE:PSO)
過去 株価チャート
から 8 2024 まで 9 2024
Pearson (NYSE:PSO)
過去 株価チャート
から 9 2023 まで 9 2024