Source - LSE Regulatory
RNS Number : 2567M
Pearson PLC
26 April 2024
 

26 April 2024

 

Pearson plc

("Pearson" or the "Company")

 

Results of Annual General Meeting 2024

 

Pearson plc held its annual general meeting ("AGM") at 10:30am today. All resolutions set out in the Company's Notice of Annual General Meeting dated 22 March 2024 were proposed and approved on a poll.

 

The table below shows the results of the poll for each resolution. As at 6.30pm on 24 April 2024, the Company's issued share capital was 677,149,080 ordinary shares of 25p each. The Company does not hold any ordinary shares in Treasury. Therefore, the total voting rights in the Company were 677,149,080. The proportion of the Company's issued share capital represented by those votes cast is approximately 78.67%.

 

 

 

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 2023 report and accounts

532,283,221

100.00

23,678

0.00

532,306,899

78.61%

544,391

2

To declare a final dividend

529,741,526

99.44

2,973,439

0.56

532,714,965

78.67%

136,325

3

To elect Omar Abbosh

532,595,830

99.99

78,135

0.01

532,673,965

78.66%

177,325

4

To elect Alison Dolan

527,964,849

99.62

2,007,403

0.38

529,972,252

78.27%

2,879,038

5

To elect Alex Hardiman

532,496,370

99.98

99,161

0.02

532,595,531

78.65%

255,759

6

To re-elect Sherry Coutu

382,610,095

71.84

149,982,078

28.16

532,592,173

78.65%

259,114

7

To re-elect Sally Johnson

531,767,588

99.84

854,771

0.16

532,622,359

78.66%

228,931

8

To re-elect Omid Kordestani

532,371,583

99.96

235,715

0.04

532,607,298

78.65%

243,992

9

To re-elect Esther Lee

526,874,645

98.92

5,736,349

1.08

532,610,994

78.65%

240,296

10

To re-elect Graeme Pitkethly

532,519,714

99.98

87,332

0.02

532,607,046

78.65%

244,244

11

To re-elect Annette Thomas

526,855,422

98.92

5,754,503

1.08

532,609,925

78.65%

241,365

12

To re-elect Lincoln Wallen

532,531,469

99.98

86,810

0.02

532,618,279

78.66%

233,011

13

To approve the annual remuneration report

371,925,459

69.83

160,714,355

30.17

532,639,814

78.66%

211,473

14

To approve the Save for Shares Plan rules

526,367,952

99.07

4,935,474

0.93

531,303,426

78.46%

1,547,864

15

To re-appoint the auditors

528,909,748

99.29

3,794,814

0.71

532,704,562

78.67%

146,728

16

To determine the remuneration of the auditors

532,652,669

99.99

54,499

0.01

532,707,168

78.67%

144,122

17

To authorise the company to allot ordinary shares

506,780,261

95.16

25,800,102

4.84

532,580,363

78.65%

270,927

18

To waive the pre-emption rights

527,054,589

99.50

2,637,639

0.50

529,692,228

78.22%

3,159,062

19

To waive the pre-emption rights - additional percentage

523,328,874

98.80

6,356,325

1.20

529,685,199

78.22%

3,166,091

20

To authorise the company to purchase its own shares

528,689,730

99.26

3,954,616

0.74

532,644,346

78.66%

206,944

21

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

512,647,675

96.23

20,068,341

3.77

532,716,016

78.67%

135,274

 

 

* Votes withheld are not legal votes.

 

In accordance with the Listing Rules, copies of 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 the resolutions at today's AGM, and it notes the outcome of the voting on resolutions 6 and 13, both related to remuneration. 

While we welcome the support of over two thirds of our shareholders on resolutions 6 and 13, we remain committed to retaining a constructive and positive dialogue on this issue. As such we will continue to actively engage to understand all shareholder views.

The Board is committed to ensuring Pearson has an executive remuneration structure that allows us to be competitive in the global talent market and ensures strong alignment between pay and performance. We also remain very supportive of the Chair of our Remuneration Committee and are grateful for the extensive work the Committee has done to engage shareholders on our wider remuneration policy.

 

---ENDS---

 

 

 

 

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