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Pearson 2017 half-year results

Pearson reports underlying growth in revenue, operating profit and earnings in the first half of the year. Full year guidance remains unchanged.

August 4, 2017, 07:00

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Pearson agrees to sell a 22% stake in Penguin Random House to Bertelsmann and recapitalise the business generating total net proceeds of approximately $1 billion

Further to our January announcement, Pearson PLC (“Pearson”) today announces an agreement to sell a 22% stake in the Penguin Random House Venture (“PRH”) to our partner Bertelsmann SE & Co KGaA (“Bertelsmann”) and recapitalise the business. The transaction is in line with our strategy and allows us to generate net proceeds of approximately $1 billion, strengthen our balance sheet, return £300m of surplus capital to shareholders via a share buyback and maintain a significant income stream from an ongoing 25% stake in the world’s leading consumer publisher.

July 11, 2017, 07:00

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Pearson plc

Tom Steiner

80 Strand, London, WC2R 0RL, UK
+44 (0)20 7010 2793
tom.steiner@pearson.com

Pearson North America

Laura Howe

Laura.Howe@Pearson.com

Scott Overland

1919 M Street, NW, Suite 600
Washington DC 20003
+1 (202) 909-4520
scott.overland@pearson.com