Company Announcements

Pearson Plc Results of AGM 2021

Source: RNS
RNS Number : 2842X
Pearson PLC
30 April 2021
 

30 April 2021

 

Pearson plc

("Pearson" or the "Company")

 

Results of Annual General Meeting 2021

 

Pearson plc held its annual general meeting ("AGM") at 12 noon today. Resolutions 1 to 18, and 20, as set out in the Company's Notice of AGM dated 24 March 2021, were proposed and approved on a poll. Resolution 19, which sought approval to hold general meetings on 14 clear days' notice, was not passed.

 

The table below shows the results of the poll for each resolution. As at 6.30pm on 28 April 2021, the Company's issued share capital was 753,734,370 ordinary shares of 25p each. The Company does not hold any ordinary shares in Treasury. Therefore, the total voting rights in the Company were 753,734,370. The proportion of the Company's issued share capital represented by those votes cast is approximately 82.6%.

 


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 2020 report and accounts

622,032,902

99.99

47,267

0.01

622,080,169

82.53%

518,169

2.    

To declare a final dividend

622,414,932

99.97

162,029

0.03

622,576,961

82.60%

21,377

3.    

To elect Andy Bird

622,365,032

99.98

146,737

0.02

622,511,769

82.59%

79,705

4.    

To re-elect Elizabeth Corley

521,566,499

83.78

100,975,619

16.22

622,542,118

82.59%

49,356

5.    

To re-elect Sherry Coutu

583,616,600

93.75

38,891,824

6.25

622,508,424

82.59%

83,050

6.    

To re-elect Sally Johnson

622,066,654

99.92

475,188

0.08

622,541,842

82.59%

49,632

7.    

To re-elect Linda Lorimer

622,359,361

99.97

157,456

0.03

622,516,817

82.59%

74,657

8.    

To re-elect Graeme Pitkethly

622,353,764

99.97

158,085

0.03

622,511,849

82.59%

79,625

9.    

To re-elect Tim Score

583,410,391

93.73

39,052,073

6.27

622,462,464

82.58%

129,010

10. 

To re-elect Sidney Taurel

554,638,906

89.36

66,024,487

10.64

620,663,393

82.35%

1,928,081

11. 

To re-elect Lincoln Wallen

622,348,971

99.97

189,126

0.03

622,538,097

82.59%

53,377

12. 

To approve the annual remuneration report

390,536,623

62.75

231,880,414

37.25

622,417,037

82.58%

181,301

13. 

To re-appoint the auditors

601,070,597

96.55

21,473,855

3.45

622,544,452

82.59%

53,886

14. 

To determine the remuneration of the auditors

619,894,574

99.58

2,645,756

0.42

622,540,330

82.59%

52,950

15. 

To authorise the company to allot ordinary shares

542,431,953

87.13

80,129,183

12.87

622,561,136

82.60%

37,202

16. 

To waive the pre-emption rights

560,976,071

90.12

61,507,273

9.88

622,483,344

82.59%

114,994

17. 

To waive the pre-emption rights - additional percentage

542,937,885

87.22

79,553,166

12.78

622,491,051

82.59%

107,287

18. 

To authorise the company to purchase its own shares

614,537,945

98.71

8,026,931

1.29

622,564,876

82.60%

33,462

19. 

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

341,087,427

54.79

281,476,924

45.21

622,564,351

82.60%

33,987

20. 

To approve the adoption of New Articles

622,366,464

99.98

138,923

0.02

622,505,387

82.59%

92,951

 

* Votes withheld are not legal votes.

 

In accordance with the Listing Rules, copies of the New Articles of Association and the resolutions that do not constitute ordinary business at an annual general meeting will shortly be available for inspection at the National Storage Mechanism which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

The Board appreciates the support shown by the majority of shareholders for most of the resolutions at today's AGM. We note the opposition to the motion to authorise holding general meetings on 14 clear days' notice, as well as the significant minority vote against Pearson's remuneration report.

 

Pearson has engaged extensively with shareholders in recent months and there is strong ongoing support for Andy Bird's appointment as Chief Executive and confidence in his new strategy to return Pearson to growth.

 

We will continue to engage actively with shareholders to understand their views and, where applicable, their reasons for voting down resolution 19 and for the significant minority vote against resolution 12 and will carefully consider all feedback. We will publish an update on that engagement and on any action taken as a result of this within six months of the AGM, in accordance with the UK Corporate Governance Code.

 

***ENDS***

 

Contacts

Investor Relations

Jo Russell

Anjali Kotak

Teddy Symington

+44 (0) 7785 451 266

+44 (0) 7802 890 724

+44 (0) 7443 354 088

Media

Tom Steiner

Gemma Terry

+44 (0) 7787 415 891

+44 (0) 7841 363 216

Teneo

Charles Armitstead

+44 (0) 7703 330 269

 

About Pearson
Learning is the most powerful force for change in the world. More than 20,000 Pearson employees deliver our products and services in nearly 200 countries, all working towards a common purpose - to help everyone achieve their potential through learning. We do that by providing high quality, digital content and learning experiences, as well as assessments and qualifications that help people build their skills and grow with the world around them. We are the world's leading learning company. Learn more at pearsonplc.com and @Pearsonplc.

 

 

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