MLO Melorio

 

TIDMPSON TIDMMLO 
 
RNS Number : 9713O 
Pearson PLC 
07 July 2010 
 
 
                     ANNOUNCEMENT OF COMPULSORY ACQUISITION 
 
OFFER UPDATE 
 
Pearson plc 
 
  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO 
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF SUCH 
                                  JURISDICTION 
 
FOR IMMEDIATE RELEASE 
 
7 July 2010 
 
                             Recommended cash offer 
 
                                       by 
 
                                  Pearson plc 
 
                                      for 
 
                                  Melorio plc 
 
COMPULSORY ACQUISITION OF OUTSTANDING MELORIO PLC SHARES 
 
On 21 May 2010 Pearson plc ("Pearson") made an offer for the entire issued and 
to be issued ordinary share capital of Melorio plc ("Melorio") (the "Offer"). 
 
Pearson announces that by 6 July 2010 it owned, had received valid acceptances 
in respect of or otherwise contracted to acquire 39,778,713 Melorio Shares, 
representing approximately 99.3 per cent of the Melorio Shares to which the 
Offer relates. 
 
Accordingly, having received more than 90 per cent in value of, and more than 90 
per cent of the voting rights carried by, the Melorio Shares, Pearson is today 
despatching compulsory acquisition notices under sections 979 and 980 of the 
Companies Act 2006 to the holders of Melorio Shares who have not yet accepted 
the Offer. The transfer of the compulsorily acquired Melorio Shares to Pearson 
is expected to take place on or after 18 August 2010. 
 
The Offer will remain open until further notice. 
 
Terms defined in the Offer Document dated 21 May 2010 have the same meaning in 
this announcement unless the context otherwise requires. 
 
Enquiries 
 
+-------------------------------------------+--------------------+ 
| Pearson plc                               | +44 (0)20 7010     | 
|                                           | 2310               | 
+-------------------------------------------+--------------------+ 
| Luke Swanson                              |                    | 
+-------------------------------------------+--------------------+ 
| Simon Mays-Smith                          |                    | 
+-------------------------------------------+--------------------+ 
| Charles Goldsmith                         |                    | 
+-------------------------------------------+--------------------+ 
|                                           |                    | 
+-------------------------------------------+--------------------+ 
| Lazard & Co., Limited (Financial Adviser  | +44 (0)20 7187     | 
| to Pearson)                               | 2000               | 
+-------------------------------------------+--------------------+ 
| Nicholas Shott                            |                    | 
+-------------------------------------------+--------------------+ 
| Giles Roshier                             |                    | 
+-------------------------------------------+--------------------+ 
 
The availability of the Offer to persons outside the United Kingdom may be 
affected by the laws of other jurisdictions.  Such persons should inform 
themselves and observe any applicable requirements of those jurisdictions.  Any 
failure to comply with such restrictions may constitute a violation of the 
securities law of any such jurisdiction. 
 
Lazard, which is regulated in the United Kingdom by the Financial Services 
Authority, is acting as financial adviser to Pearson and no-one else in 
connection with the Acquisition and will not be responsible to anyone other than 
Pearson for providing the protections offered to clients of Lazard nor for 
providing advice in relation to the Acquisition. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CASBGGDRSUGBGGR 
 

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