Company Announcements

Result of AGM

Source: RNS
RNS Number : 8462K
Pearson PLC
24 April 2020
 

24 April 2020

Pearson plc

(the "Company")

 

Results of Annual General Meeting 2020

 

Pearson plc held its annual general meeting at 12 noon today.  All resolutions set out in the Company's Notice of Annual General Meeting dated 23 March 2020 were proposed and approved on a poll.

​​

The table below shows the results of the poll for each resolution.  The Company's issued share capital on 24 April 2020 was 752,404,738 ordinary shares of 25p each. The proportion of the Company's issued share capital represented by those votes cast is approximately 82%.

 


Resolution

For and Discretionary

% votes cast For and Discretionary

Against

% votes

cast Against

Total votes cast (excluding votes withheld)

% of issued capital voted

Withheld/

Abstentions*

1

To receive the 2019 report and accounts

613,062,562

99.98

119,794

0.02

613,182,356

81.50%

3,604,279

2

To declare a final dividend

614,744,759

99.68

1,986,384

0.32

616,731,143

81.97%

55,493

3

To elect Sherry Coutu

616,402,652

99.95

294,726

0.05

616,697,378

81.96%

89,258

4

To elect Sally Johnson

616,017,342

99.89

697,357

0.11

616,714,699

81.97%

71,937

5

To elect Graeme Pitkethly

616,389,949

99.95

301,467

0.05

616,691,416

81.96%

95,220

6

To re-elect Elizabeth Corley

611,247,018

99.12

5,444,216

0.88

616,691,234

81.96%

95,401

7

To re-elect Vivienne Cox

614,532,039

99.65

2,165,903

0.35

616,697,942

81.96%

88,694

8

To re-elect John Fallon

615,926,446

99.87

773,231

0.13

616,699,677

81.96%

86,959

9

To re-elect Linda Lorimer

613,073,943

99.93

402,606

0.07

613,476,549

81.54%

3,310,087

10

To re-elect Michael Lynton

414,322,932

67.50

199,461,601

32.50

613,784,533

81.58%

3,002,102

11

To re-elect Tim Score

604,622,768

98.04

12,064,814

1.96

616,687,582

81.96%

99,054

12

To re-elect Sidney Taurel

614,284,795

99.61

2,417,903

0.39

616,702,698

81.96%

83,938

13

To re-elect Lincoln Wallen

616,313,694

99.94

384,052

0.06

616,697,746

81.96%

88,890

14

To approve the remuneration policy

586,460,258

95.12

30,106,736

4.88

616,566,994

81.95%

219,641

15

To approve the annual remuneration report

609,604,858

99.37

3,871,076

0.63

613,475,934

81.54%

3,310,701

16

To approve the Long-Term Incentive Plan

611,144,655

99.11

5,491,480

0.89

616,636,135

81.96%

150,501

17

To re-appoint the auditors

601,037,887

97.48

15,567,753

2.52

616,605,640

81.95%

180,995

18

To determine the remuneration of the auditors

616,376,500

99.96

222,831

0.04

616,599,331

81.95%

187,305

19

To authorise the company to allot ordinary shares

515,694,895

83.84

99,413,010

16.16

615,107,905

81.75%

1,678,731

20

To waive the pre-emption rights

532,709,014

86.37

84,037,647

13.63

616,746,661

81.97%

39,975

21

To waive the pre-emption rights - additional percentage

526,719,205

85.40

90,028,071

14.60

616,747,276

81.97%

39,359

22

To authorise the company to purchase its own shares

612,033,207

99.23

4,732,710

0.77

616,765,917

81.97%

20,718

23

To approve the holding of general meetings on 14 clear days' notice

594,997,877

96.48

21,720,625

3.52

616,718,502

81.97%

68,134

 

 

* Votes withheld are not legal votes.

 

We acknowledge the result of the vote on the re-election of Michael Lynton (Resolution 10), which saw 67.5% of votes validly cast by shareholders in favour of Mr Lynton's re-election.

 

As noted in our 2019 Annual Report, Mr Lynton informed the Chair, Sidney Taurel, early in 2020 that two of the companies in which he holds non-executive positions intended to list during the course of the year. Mindful of Pearson's own internal guidance, and shareholder sentiment in relation to directors' commitments, Mr Lynton and the Chair have agreed to review his situation over the course of 2020. Mr Lynton has agreed that he will not stand for re-election to the Pearson Board at the 2021 AGM should his circumstances remain unchanged. It should be noted that Mr Lynton has demonstrated a full attendance record at the Pearson Board, and at the Committees on which he serves, since his appointment in 2018.

 

We would be happy to engage further with shareholders in respect of this matter during the course of the year.

 


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