LONDON (dpa-AFX) - British education company and book publisher Pearson plc (PSO) (PSON.L) Friday said it is trading in line with the expectations set out in its full-year results announcement on 27 February and it continues to expect to report adjusted earnings per share of between 75 pence and 80 pence for the full year.
Pearson's profits are heavily weighted to the second half and it expects normal levels of restructuring charges in 2015 to be phased towards the first half of the year.
The company said it is proposing a final dividend of 34 pence, giving a total dividend for 2014 of 51 pence, up 6%.
Separately, Pearson announced that Glen Moreno intends to step down from the board in the next twelve months, after more than nine years as Chairman. A committee of the board, headed by the senior independent director, Vivienne Cox, will select his successor.
The company also announced that Sir David Arculus and Ken Hydon will step down from the Pearson board at today's Annual General Meeting. Both joined the Pearson board in 2006. Elizabeth Corley and Tim Score have been appointed to the board in the past twelve months, and succeed David and Ken as Chairs of the Remuneration and Audit committees respectively.
Copyright RTT News/dpa-AFX