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RNS Number : 7743O Lloyds Banking Group PLC 16 May 2024
16 May 2024
ANNUAL GENERAL MEETING OF LLOYDS BANKING GROUP PLC
Following the annual general meeting held today at the SEC Armadillo,
Exhibition Way, Glasgow, Lloyds Banking Group plc (the "Company") announces
that all resolutions put to shareholders at that meeting were passed by the
requisite majorities. Resolutions 1 to 18 (inclusive) were passed as ordinary
resolutions. Resolutions 19 to 24 (inclusive) were passed as special
resolutions. A poll was held on each of the resolutions proposed. The results
of the polls are as follows:
Total Votes
Cast
Resolution Votes % of Votes % of Total Votes as a % Votes
For Votes Against Votes Validly Cast of the Withheld
Cast Cast Ordinary
Shares in
Issue
1. To receive the report and accounts for the year ended 31 December 2023 40,866,888,516 99.96 14,565,146 0.04 40,881,453,662 64.83% 44,155,266
2. To re-elect Sir Robin Budenberg as a director 40,708,777,706 99.53 191,522,722 0.47 40,900,300,428 64.86% 25,619,128
3. To re-elect Charlie Nunn as a director 40,836,644,010 99.83 68,799,152 0.17 40,905,443,162 64.87% 20,963,897
4. To re-elect William Chalmers as a director 40,652,451,597 99.39 251,503,066 0.61 40,903,954,663 64.87% 22,066,302
5. To re-elect Sarah Legg as a director 40,827,629,184 99.82 75,356,535 0.18 40,902,985,719 64.87% 22,808,542
6. To re-elect Amanda Mackenzie as a director 40,826,249,726 99.81 76,504,912 0.19 40,902,754,638 64.87% 22,932,005
7. To re-elect Harmeen Mehta as a director 40,832,635,777 99.83 68,904,392 0.17 40,901,540,169 64.86% 24,204,611
8. To re-elect Cathy Turner as a director 40,798,356,503 99.74 104,428,321 0.26 40,902,784,824 64.87% 22,970,554
9. To re-elect Scott Wheway as a director 40,828,269,424 99.83 69,583,522 0.17 40,897,852,946 64.86% 27,822,890
10. To re-elect Catherine Woods as a director 40,529,022,815 99.09 373,449,805 0.91 40,902,472,620 64.86% 23,102,494
11. To approve the directors' remuneration report 39,404,320,770 96.36 1,488,095,791 3.64 40,892,416,561 64.85% 33,893,090
12. To declare a final dividend of 40,905,302,898 99.97 11,589,981 0.03 40,916,892,879 64.89% 10,190,618
1.84 pence per ordinary share
13. To re-appoint Deloitte LLP as the auditor of the Company 40,875,987,209 99.93 30,139,038 0.07 40,906,126,247 64.87% 19,194,738
14. To authorise the Audit Committee to set the remuneration of the auditor 40,873,988,892 99.92 31,446,170 0.08 40,905,435,062 64.87% 19,466,224
15. To approve the removal of the limit on variable remuneration payable to 40,539,948,492 99.63 150,187,235 0.37 40,690,135,727 64.53% 235,360,713
Material Risk Takers for services or performance from 1 January 2024
16. To authorise the Company and its subsidiaries to make political donations or 39,498,017,293 97.03 1,209,471,288 2.97 40,707,488,581 64.56% 218,851,858
incur political expenditure
17. To authorise the directors to allot shares 38,571,936,048 94.30 2,331,178,844 5.70 40,903,114,892 64.87% 22,433,534
18. To authorise the directors to allot shares in relation to the issue of 40,007,271,282 97.82 891,476,526 2.18 40,898,747,808 64.86% 26,088,318
Regulatory Capital Convertible Instruments
19. To authorise the limited disapplication of pre-emption rights 40,533,512,859 99.22 317,748,067 0.78 40,851,260,926 64.78% 71,849,163
20. To authorise the limited disapplication of pre-emption rights in the event of 39,912,883,636 97.70 939,464,788 2.30 40,852,348,424 64.79% 72,603,413
financing an acquisition transaction or other capital investment
21. To authorise the limited disapplication of pre-emption rights in relation to 39,955,941,211 97.73 928,717,096 2.27 40,884,658,307 64.84% 40,441,881
the issue of Regulatory Capital Convertible Instruments
22. To authorise the Company to purchase its own ordinary shares 40,514,484,226 99.07 379,085,365 0.93 40,893,569,591 64.85% 31,323,802
23. To authorise the Company to purchase its own preference shares 40,722,321,368 99.59 167,488,532 0.41 40,889,809,900 64.84% 34,225,380
24. To authorise the calling of general meetings (other than an AGM) on not less 38,304,036,952 93.65 2,598,915,964 6.35 40,902,952,916 64.87% 21,610,480
than 14 clear days' notice
Notes
The full text of the resolutions, along with the explanatory notes, is set out
in the Notice of Meeting, which is available on the Company's website:
www.lloydsbankinggroup.com (https://www.lloydsbankinggroup.com)
For all resolutions, as at 6.30 pm on Tuesday 14 May 2024 (the time at which
shareholders who wanted to attend, speak and vote at the meeting were required
to have their details entered in the register of members), there were
63,058,054,633 ordinary shares in issue.
Ordinary shareholders are entitled to one vote per share. A vote withheld is
not a vote in law and therefore has not been counted in the calculation of the
proportion of votes "For" or "Against" a resolution.
In accordance with the Listing Rule 9.6.2, copies of the resolutions that do
not constitute ordinary business at the annual general meeting will be
submitted to the National Storage Mechanism and will shortly be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-END-
For further information:
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@lloydsbanking.com
Nora Thoden
Director of Investor Relations - ESG
Email: nora.thoden@lloydsbanking.com
+44 (0) 20 7356 1571
+44 (0) 20 7356 2334
Group Corporate Affairs +44 (0) 7788 352 487
Matt Smith
Head of Media Relations
Email: matt.smith@lloydsbanking.com
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