Result of AGM

Lloyds Banking Group PLC
18 May 2023
 

18 May 2023

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 21 (inclusive) were passed as ordinary resolutions. Resolutions 22 to 27 (inclusive) were passed as special resolutions. A poll was held on each of the resolutions proposed. The results of the polls are as follows:

 

 

Resolution

 

 

Votes

For

 

 

% of

Votes

Cast

 

 

Votes

Against

 

 

% of

Votes

Cast

 

 

Total Votes

Validly Cast

Total Votes

Cast

as a %

of the

Ordinary

Shares in

Issue

 

 

Votes

Withheld

1.    

To receive the report and accounts for the year ended 31 December 2022

40,601,906,757

99.96

17,479,636

0.04

40,619,386,393

61.96%

71,109,314

2.    

To elect Ms C L Turner as a director

40,373,911,898

99.33

271,555,735

0.67

40,645,467,633

62.00%

46,183,448

3.    

To elect Mr J S Wheway as a director

40,457,067,466

99.54

186,682,136

0.46

40,643,749,602

62.00%

47,493,249

4.    

To re-elect Mr R F Budenberg as a director

39,281,514,791

96.64

1,367,831,932

3.36

40,649,346,723

62.01%

43,420,211

5.    

To re-elect Mr C A Nunn as a director

40,444,726,049

99.46

217,614,379

0.54

40,662,340,428

62.03%

36,072,535

6.    

To re-elect Mr W L D Chalmers as a director

40,236,364,874

98.97

418,363,256

1.03

40,654,728,130

62.02%

40,304,434

7.    

To re-elect Mr A P Dickinson as a director

39,252,637,349

96.58

1,390,429,334

3.42

40,643,066,683

62.00%

49,732,559

8.    

To re-elect Ms S C Legg as a director

40,454,426,515

99.52

194,884,660

0.48

40,649,311,175

62.01%

43,591,847

9.    

To re-elect Lord Lupton as a director

40,438,161,599

99.48

211,624,802

0.52

40,649,786,401

62.01%

43,054,299

10. 

To re-elect Ms A F Mackenzie as a director

39,413,861,153

96.98

1,225,543,491

3.02

40,639,404,644

61.99%

43,076,154

11. 

To re-elect Ms H Mehta as a director

40,392,803,264

99.37

256,520,880

0.63

40,649,324,144

62.01%

43,250,608

12. 

To re-elect Ms C M Woods as a director

40,351,386,328

99.27

297,652,766

0.73

40,649,039,094

62.01%

43,413,471

13. 

To approve the Directors' Remuneration Policy

39,002,429,397

96.00

1,622,999,508

4.00

40,625,428,905

61.97%

67,851,146

14. 

To approve the directors' remuneration report

39,030,253,956

96.05

1,603,834,324

3.95

40,634,088,280

61.98%

58,812,408

15. 

To declare a final dividend of

1.60 pence per ordinary share

40,646,432,135

99.96

15,684,639

0.04

40,662,116,774

62.03%

30,907,792

16. 

To re-appoint Deloitte LLP as the auditor of the Company

40,610,936,352

99.90

38,981,806

0.10

40,649,918,158

62.01%

40,958,000

17. 

To authorise the Audit Committee to set the remuneration of the auditor

40,597,251,943

99.88

50,593,070

0.12

40,647,845,013

62.00%

42,007,056

18. 

To approve the Lloyds Banking Group Long Term Incentive Plan 2023

39,206,435,322

96.52

1,413,760,226

3.48

40,620,195,548

61.96%

59,802,953

19. 

To authorise the Company and its subsidiaries to make political donations or incur political expenditure

39,248,122,433

96.53

1,411,102,456

3.47

40,659,224,889

62.02%

43,905,295

20. 

To authorise the directors to allot shares

38,251,256,146

94.10

2,396,199,709

5.90

40,647,455,855

62.00%

43,560,207

21. 

To authorise the directors to allot shares in relation to the issue of Regulatory Capital Convertible Instruments

40,009,144,557

98.44

634,550,159

1.56

40,643,694,716

62.00%

46,144,590

22. 

To authorise the limited disapplication of pre-emption rights

40,052,842,696

98.58

576,114,645

1.42

40,628,957,341

61.98%

60,402,242

23. 

To authorise the limited disapplication of pre-emption rights in the event of financing an acquisition transaction or other capital investment

39,621,516,047

97.52

1,007,811,191

2.48

40,629,327,238

61.98%

59,807,576

24. 

To authorise the limited disapplication of pre-emption rights in relation to the issue of Regulatory Capital Convertible Instruments

39,632,004,666

97.55

994,672,889

2.45

40,626,677,555

61.97%

61,114,508

25. 

To authorise the Company to purchase its own ordinary shares

40,195,239,392

98.89

449,969,312

1.11

40,645,208,704

62.00%

44,100,798

26. 

To authorise the Company to purchase its own preference shares

40,300,572,577

99.16

341,181,103

0.84

40,641,753,680

62.00%

47,303,392

27. 

To authorise the calling of general meetings (other than an AGM) on not less than 14 clear days' notice

37,963,280,826

93.39

2,685,687,730

6.61

40,648,968,556

62.01%

39,598,994

 

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

For all resolutions, as at 6.30 pm on Tuesday 16 May 2023 (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 65,555,872,345 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

Matt Smith

Head of Media Relations

Email: matt.smith@lloydsbanking.com

+44 (0) 20 7356 3522


 

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