REG - Pearson PLC - Result of AGM

PearsonAnnouncement

24/04/2020 14:15

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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