Result of AGM

RNS Number : 3717E
Pearson PLC
05 May 2017
 

5 May 2017

Pearson plc

(the "Company")

 

Results of Annual General Meeting 2017

 

Pearson plc held its annual general meeting for shareholders at 12 noon today.  All resolutions set out in the Company's Notice of Annual General Meeting dated 29 March 2017 were duly passed by shareholders by means of a poll vote with the exception of resolution 14.

​​

The total number of votes received for each resolution is set out below.  The Company's issued share capital on 5 May 2017 was 822,586,857 ordinary shares of 25p each. The proportion of the Company's issued share capital represented by those votes instructed is approximately 76.76%.

 

Resolution No. (as noted on the proxy form)

Shares For and Discretionary

Shares Against

Shares marked as Votes Withheld/

Abstentions*

1. To receive the 2016 report and accounts

630,356,123

86,301

1,012,177

2. To declare a final dividend

628,681,265

1,851,565

921,771

3. To re-elect Elizabeth Corley

461,100,779

169,340,137

1,014,022

4. To re-elect Vivienne Cox

626,995,877

3,453,447

1,005,277

5. To re-elect John Fallon

629,495,798

999,020

959,783

6. To re-elect Josh Lewis

599,479,802

30,947,090

1,028,046

7. To re-elect Linda Lorimer

627,397,190

3,045,616

1,011,795

8. To re-elect Harish Manwani

552,250,436

37,040,864

42,163,301

9. To re-elect Tim Score

595,022,599

35,417,653

1,014,349

10. To re-elect Sidney Taurel

596,887,657

33,589,130

977,814

11. To re-elect Lincoln Wallen

627,368,387

3,066,378

1,019,836

12. To re-elect Coram Williams

629,873,600

585,870

995,131

13. To approve the remuneration policy

404,615,934

183,100,737

43,738,267

14. To approve the annual remuneration report

202,512,759

385,996,157

42,945,685

15. To re-appoint the auditors

615,326,057

15,168,864

959,680

16. To determine the remuneration of the auditors

626,834,499

3,641,240

978,862

17. To authorise the company to allot ordinary shares

532,975,800

97,444,502

1,034,636

18. To waive the pre-emption rights

554,750,382

75,606,514

1,098,042

19. To waive the pre-emption rights - additional percentage

528,159,687

101,715,039

1,580,212

20. To authorise the company to purchase its own shares

624,037,617

5,336,200

1,079,784

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

600,623,354

27,087,218

3,744,028

 

* Votes withheld are not legal votes.

 

During 2016, Pearson engaged extensively with its major shareholders to understand their views on remuneration matters. We were disappointed that the advisory vote for this year's remuneration report was not passed and that, although passed, there was a significant minority vote against both our remuneration policy and the re-election of our remuneration committee chair, Elizabeth Corley. Naturally, we acknowledge this feedback and thank those shareholders who have already spoken with us and explained their reasons for not supporting the relevant resolutions. The remuneration committee is committed to continuing dialogue with our shareholders to help shape the implementation of our remuneration policy going forward.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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