Last checked at 12 May 2022 14:04
12 May 2022
ANNUAL GENERAL MEETING OF LLOYDS BANKING GROUP PLC
Following the annual general meeting held today, Lloyds Banking Group plc (the "Company") announces that all resolutions put to shareholders at the 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:
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 2021 | 44,489,826,013 | 99.97 | 13,124,412 | 0.03 | 44,502,950,425 | 64.08% | 163,929,200 | |
2. | Election of Ms H Mehta | 42,679,074,026 | 96.55 | 1,526,118,513 | 3.45 | 44,205,192,539 | 63.65% | 461,408,580 | |
3. | Election of Mr C A Nunn | 44,446,739,453 | 99.60 | 178,595,142 | 0.40 | 44,625,334,595 | 64.26% | 41,485,854 | |
4. | Re-election of Mr R F Budenberg | 42,557,827,339 | 95.75 | 1,887,280,081 | 4.25 | 44,445,107,420 | 64.00% | 221,606,947 | |
5. | Re-election of Mr W L D Chalmers | 44,021,312,867 | 98.65 | 604,451,363 | 1.35 | 44,625,764,230 | 64.26% | 40,907,592 | |
6. | Re-election of Mr A P Dickinson | 44,396,388,893 | 99.49 | 228,650,918 | 0.51 | 44,625,039,811 | 64.26% | 41,568,516 | |
7. | Re-election of Ms S C Legg | 44,440,992,370 | 99.59 | 184,736,463 | 0.41 | 44,625,728,833 | 64.26% | 40,895,482 | |
8. | Re-election of Lord Lupton | 44,424,470,749 | 99.55 | 200,139,304 | 0.45 | 44,624,610,053 | 64.26% | 42,080,926 | |
9. | Re-election of Ms A F Mackenzie | 44,441,576,917 | 99.59 | 183,875,179 | 0.41 | 44,625,452,096 | 64.26% | 41,180,917 | |
10. | Re-election of Ms C M Woods | 44,441,173,490 | 99.59 | 183,961,935 | 0.41 | 44,625,135,425 | 64.26% | 41,176,072 | |
11. | Approval of the directors' remuneration report | 42,141,827,602 | 96.07 | 1,723,549,390 | 3.93 | 43,865,376,992 | 63.17% | 801,921,620 | |
12. | Approval of a final dividend of 1.33 pence per ordinary share | 44,626,273,712 | 99.97 | 15,562,423 | 0.03 | 44,641,836,135 | 64.28% | 26,646,626 | |
13. | Re-appointment of the auditor | 44,567,182,226 | 99.85 | 67,473,360 | 0.15 | 44,634,655,586 | 64.27% | 32,554,855 | |
14. | Authority to set the remuneration of the auditor | 44,566,553,055 | 99.92 | 35,636,915 | 0.08 | 44,602,189,970 | 64.23% | 64,554,395 | |
15. | Authority to continue to operate the Lloyds Banking Group Share Incentive Plan | 43,952,820,702 | 98.50 | 667,668,792 | 1.50 | 44,620,489,494 | 64.25% | 46,590,385 | |
16. | Authority for the Company and its subsidiaries to make political donations or incur political expenditure | 43,118,721,808 | 96.58 | 1,526,048,441 | 3.42 | 44,644,770,249 | 64.29% | 22,694,955 | |
17. | Directors' authority to allot shares | 41,790,170,341 | 93.63 | 2,841,926,082 | 6.37 | 44,632,096,423 | 64.27% | 34,601,578 | |
18. | Directors' authority to allot shares in relation to the issue of Regulatory Capital Convertible Instruments | 43,801,188,711 | 98.17 | 816,529,534 | 1.83 | 44,617,718,245 | 64.25% | 49,149,339 | |
19. | Limited disapplication of pre-emption rights (ordinary shares) | 43,942,204,037 | 98.50 | 669,308,541 | 1.50 | 44,611,512,578 | 64.24% | 55,212,010 | |
20. | Limited disapplication of pre-emption rights in the event of financing an acquisition transaction or other capital investment | 42,822,618,963 | 95.99 | 1,788,152,127 | 4.01 | 44,610,771,090 | 64.24% | 56,068,023 | |
21. | Limited disapplication of pre-emption rights in relation to the issue of Regulatory Capital Convertible Instruments | 43,337,756,120 | 97.15 | 1,271,845,082 | 2.85 | 44,609,601,202 | 64.24% | 57,076,111 | |
22. | Authority to purchase own ordinary shares | 43,934,510,487 | 98.46 | 686,976,512 | 1.54 | 44,621,486,999 | 64.25% | 43,415,897 | |
23. | Authority to purchase own preference shares | 44,229,925,104 | 99.13 | 386,470,267 | 0.87 | 44,616,395,371 | 64.25% | 48,364,942 | |
24. | Notice period for general meetings | 41,973,380,355 | 94.05 | 2,655,902,499 | 5.95 | 44,629,282,854 | 64.27% | 34,965,080 | |
Notes
For all resolutions, as at 6.30 pm on Tuesday 10 May 2022 (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 69,445,479,613 ordinary shares in issue.
Ordinary shareholders are entitled to one vote per 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 Listing Rule 9.6.2, copies of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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For further information:
Investor Relations Douglas Radcliffe Group Investor Relations Director Email: douglas.radcliffe@lloydsbanking.com
| +44 (0) 20 7356 1571 |
Group Corporate Affairs Matt Smith Head of Media Relations Email: matt.smith@lloydsbanking.com
| +44 (0) 20 7356 3522 |