REG - Pearson PLC - Result of AGM

PearsonAnnouncement

26/04/2024 13:45

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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        Total votes cast (excluding votes withheld)  % of issued capital voted  Withheld/

                                                                                                                                                  cast Against                                                                           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
(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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