Pearson Funding Five Plc (LSE: 15MJ), has completed the process undertaken along with its subsidiary Pearson Funding Plc, to simplify the structure of the Pearson Group. As per the arrangement, the assets and liabilities of Pearson's subsidiary Pearson Funding Four Plc have been transferred to the Company with effect from 4 September 2019. Pearson Funding Five Plc is now the issuer in respect of all outstanding debt securities of the Pearson group.
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