REG - Pearson PLC - Result of AGM

PearsonAnnouncement

29/04/2022 15:30

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RNS Number : 9190J  Pearson PLC  29 April 2022

29 April 2022

 

Pearson plc

("Pearson" or the "Company")

 

Results of Annual General Meeting 2022

 

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 24
March 2022 were proposed and approved on a poll.

 

The table below shows the results of the poll for each resolution. As at
6.30pm on 27 April 2022, the Company's issued share capital was 748,542,024
ordinary shares of 25p each. The Company does not hold any ordinary shares in
Treasury. Therefore, the total voting rights in the Company were 748,542,024.
The proportion of the Company's issued share capital represented by those
votes cast is approximately 81.1%.

 

 

     Resolution                                                           For and Discretionary  % votes cast For and Discretionary  Against      % votes        Total votes cast (excluding votes withheld)  % of issued capital voted  Withheld/

                                                                                                                                                  cast Against                                                                           Abstentions*
 1   To receive the 2021 report and accounts                              607,069,864            99.98                               105,340      0.02           607,175,204                                  81.11%                     282,634
 2   To declare a final dividend                                          606,041,385            99.77                               1,382,688    0.23           607,424,073                                  81.15%                     33,765
 3   To elect Omid Kordestani                                             607,171,225            99.96                               220,609      0.04           607,391,834                                  81.14%                     66,004
 4   To elect Esther Lee                                                  607,280,088            99.98                               119,067      0.02           607,399,155                                  81.14%                     58,683
 5   To elect Annette Thomas                                              607,285,695            99.98                               115,892      0.02           607,401,587                                  81.14%                     56,251
 6   To re-elect Andy Bird                                                607,146,484            99.96                               252,979      0.04           607,399,463                                  81.14%                     58,375
 7   To re-elect Sherry Coutu                                             522,486,159            86.46                               81,849,313   13.54          604,335,472                                  80.74%                     3,122,366
 8   To re-elect Sally Johnson                                            606,852,131            99.91                               559,233      0.09           607,411,364                                  81.15%                     46,474
 9   To re-elect Linda Lorimer                                            607,260,007            99.98                               151,025      0.02           607,411,032                                  81.15%                     46,806
 10  To re-elect Graeme Pitkethly                                         607,224,439            99.97                               178,324      0.03           607,402,763                                  81.14%                     55,075
 11  To re-elect Tim Score                                                547,133,973            90.54                               57,194,222   9.46           604,328,195                                  80.73%                     3,129,643
 12  To re-elect Lincoln Wallen                                           607,246,008            99.97                               155,517      0.03           607,401,525                                  81.14%                     56,313
 13  To approve the annual remuneration report                            462,488,192            76.53                               141,832,706  23.47          604,320,898                                  80.73%                     3,136,939
 14  To appoint the auditors                                              605,153,941            99.63                               2,266,065    0.37           607,420,006                                  81.15%                     37,832
 15  To determine the remuneration of the auditors                        606,442,545            99.84                               978,777      0.16           607,421,322                                  81.15%                     36,516
 16  To authorise the company to allot ordinary shares                    542,017,921            89.45                               63,955,865   10.55          605,973,786                                  80.95%                     1,484,052
 17  To waive the pre-emption rights                                      553,468,800            91.12                               53,922,335   8.88           607,391,135                                  81.14%                     66,703
 18  To waive the pre-emption rights - additional percentage              547,083,099            90.07                               60,304,220   9.93           607,387,319                                  81.14%                     70,519
 19  To authorise the company to purchase its own shares                  604,580,981            99.54                               2,823,145    0.46           607,404,126                                  81.14%                     53,712
 20  To approve the holding of general meetings on 14 clear days' notice  582,934,119            95.97                               24,476,515   4.03           607,410,634                                  81.15%                     47,204

 

 

* 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
(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. We note the minority vote against Pearson's
remuneration report. Pearson engages extensively with shareholders on a broad
range of matters, including remuneration. We will continue to engage actively
with shareholders to understand their views and, where applicable, their
reasons for the minority vote against resolution 13 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.

 

 

 

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