Pearson Confirms Shares Have Been Placed
Further to the announcement made earlier today, Pearson confirms that it has placed 11,500,000 ordinary shares at a price of £22 per share to raise approximately £250,000,000 after expenses to fund its existing and new internet related businesses.
The placing was effected through Cazenove & Co. and Goldman Sachs.
For further information
Pearson plc
John Makinson & John Fallon
+44 (0)20 7411 2000
Cazenove & Co.
David Mayhew & John Paynter
+44 (0)20 7588 2828
Goldman Sachs International
Andrew Learoyd & Chris Chapple
+44 (0)20 7744 1000