Last checked at 12 May 2016 14:30
12 May 2016
ANNUAL GENERAL MEETING OF LLOYDS BANKING GROUP PLC
Following the annual general meeting held today at the Edinburgh International Conference Centre in Scotland, Lloyds Banking Group plc announces that all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 24 (inclusive) were passed as ordinary resolutions. Resolutions 25 to 30 (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 | Receive the report and accounts for the year ended 31 December 2015 | 49,938,010,018 | 99.97 | 13,872,742 | 0.03 | 49,951,882,760 | 69.99% | 62,132,761 | |
2 | Election of Ms D D McWhinney | 49,907,462,604 | 99.83 | 83,099,531 | 0.17 | 49,990,562,135 | 70.04% | 22,918,129 | |
3 | Election of Mr S W Sinclair | 49,842,075,785 | 99.70 | 147,993,448 | 0.30 | 49,990,069,233 | 70.04% | 23,052,773 | |
4 | Re-election of Lord Blackwell | 49,439,943,667 | 98.91 | 545,441,330 | 1.09 | 49,985,384,997 | 70.03% | 28,096,751 | |
5 | Re-election of Mr J Colombás | 49,863,155,517 | 99.74 | 129,683,549 | 0.26 | 49,992,839,066 | 70.04% | 20,848,528 | |
6 | Re-election of Mr M G Culmer | 49,685,427,571 | 99.39 | 307,154,368 | 0.61 | 49,992,581,939 | 70.04% | 21,044,123 | |
7 | Re-election of Mr A P Dickinson | 49,905,997,054 | 99.83 | 85,488,826 | 0.17 | 49,991,485,880 | 70.04% | 21,862,607 | |
8 | Re-election of Ms A M Frew | 49,888,241,526 | 99.79 | 104,380,859 | 0.21 | 49,992,622,385 | 70.04% | 20,911,820 | |
9 | Re-election of Mr S P Henry | 49,874,699,760 | 99.77 | 117,172,750 | 0.23 | 49,991,872,510 | 70.04% | 21,633,585 | |
10 | Re-election of Mr A Horta-Osório | 49,910,035,250 | 99.82 | 88,311,509 | 0.18 | 49,998,346,759 | 70.05% | 15,551,707 | |
11 | Re-election of Mr N L Luff | 49,796,959,599 | 99.61 | 194,894,923 | 0.39 | 49,991,854,522 | 70.04% | 21,673,278 | |
12 | Re-election of Mr N E T Prettejohn | 49,845,472,162 | 99.71 | 146,301,603 | 0.29 | 49,991,773,765 | 70.04% | 21,714,628 | |
13 | Re-election of Mr A Watson | 49,886,919,205 | 99.79 | 105,112,669 | 0.21 | 49,992,031,874 | 70.04% | 21,172,897 | |
14 | Re-election of Ms S V Weller | 49,907,594,558 | 99.83 | 85,029,601 | 0.17 | 49,992,624,159 | 70.04% | 20,667,792 | |
15 | Approval of the Implementation Report section of the Directors' Remuneration Report | 48,674,028,164 | 97.67 | 1,163,413,713 | 2.33 | 49,837,441,877 | 69.83% | 176,451,689 | |
16 | Approval of a final dividend of 1.5 pence per ordinary share | 49,960,697,253 | 99.91 | 47,503,613 | 0.09 | 50,008,200,866 | 70.07% | 6,587,645 | |
17 | Approval of a special dividend of 0.5 pence per ordinary share | 49,936,124,197 | 99.86 | 71,670,740 | 0.14 | 50,007,794,937 | 70.06% | 6,703,073 | |
18 | Re-appointment of the auditor | 48,916,402,972 | 97.83 | 1,085,356,858 | 2.17 | 50,001,759,830 | 70.06% | 11,887,075 | |
19 | Authority to set the remuneration of the auditor | 49,578,784,375 | 99.17 | 417,342,231 | 0.83 | 49,996,126,606 | 70.05% | 16,485,089 | |
20 | Lloyds Banking Group Long-Term Incentive Plan 2016 | 48,885,939,220 | 97.81 | 1,096,004,586 | 2.19 | 49,981,943,806 | 70.03% | 31,341,803 | |
21 | Lloyds Banking Group North America Employee Stock Purchase Plan 2016 | 49,496,353,250 | 99.03 | 483,550,381 | 0.97 | 49,979,903,631 | 70.03% | 33,118,803 | |
22 | Authority to make political donations or to incur political expenditure | 48,919,007,881 | 98.04 | 976,025,973 | 1.96 | 49,895,033,854 | 69.91% | 118,545,197 | |
23 | Directors' authority to allot shares | 47,702,569,847 | 96.81 | 1,569,445,948 | 3.19 | 49,272,015,795 | 69.03% | 741,382,124 | |
24 | Directors' authority to allot shares in relation to the issue of Regulatory Capital Convertible Instruments | 48,482,236,058 | 97.27 | 1,358,675,606 | 2.73 | 49,840,911,664 | 69.83% | 172,128,006 | |
25 | Limited disapplication of pre-emption rights (ordinary shares) | 47,092,165,836 | 94.49 | 2,746,517,084 | 5.51 | 49,838,682,920 | 69.83% | 174,391,543 | |
26 | Limited disapplication of pre-emption rights (Regulatory Capital Convertible Instruments) | 47,588,595,554 | 95.49 | 2,246,934,797 | 4.51 | 49,835,530,351 | 69.82% | 177,154,763 | |
27 | Authority to purchase own ordinary shares | 49,487,094,931 | 98.97 | 512,971,489 | 1.03 | 50,000,066,420 | 70.05% | 13,512,955 | |
28 | Authority to purchase own preference shares | 49,831,254,716 | 99.76 | 121,852,260 | 0.24 | 49,953,106,976 | 69.99% | 60,369,112 | |
29 | Adoption of new articles of association | 49,914,494,435 | 99.85 | 73,002,983 | 0.15 | 49,987,497,418 | 70.04% | 25,520,666 | |
30 | Notice period for general meetings | 45,622,493,279 | 91.25 | 4,373,836,158 | 8.75 | 49,996,329,437 | 70.05% | 16,834,512 | |
Dyfrig John, Independent Non-Executive Director, retired from the board on 11 May 2016 and therefore did not seek re-election at the annual general meeting.
For all resolutions, as at 6.00pm on 10 May 2016 (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 71,373,735,357 ordinary shares in issue. 195 shareholders or persons representing shareholders attended the meeting. Shareholders are entitled to one vote per ordinary share. Votes withheld are not votes and, therefore, have not been counted in the calculation of the proportion of votes for and against a resolution. In accordance with the UK Listing Authority's Listing Rules, copies of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm