Last checked at 16 May 2024 14:11
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:
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 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 1.84 pence per ordinary share | 40,905,302,898 | 99.97 | 11,589,981 | 0.03 | 40,916,892,879 | 64.89% | 10,190,618 |
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 Material Risk Takers for services or performance from 1 January 2024 | 40,539,948,492 | 99.63 | 150,187,235 | 0.37 | 40,690,135,727 | 64.53% | 235,360,713 |
16. | To authorise the Company and its subsidiaries to make political donations or incur political expenditure | 39,498,017,293 | 97.03 | 1,209,471,288 | 2.97 | 40,707,488,581 | 64.56% | 218,851,858 |
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 Regulatory Capital Convertible Instruments | 40,007,271,282 | 97.82 | 891,476,526 | 2.18 | 40,898,747,808 | 64.86% | 26,088,318 |
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 financing an acquisition transaction or other capital investment | 39,912,883,636 | 97.70 | 939,464,788 | 2.30 | 40,852,348,424 | 64.79% | 72,603,413 |
21. | To authorise the limited disapplication of pre-emption rights in relation to the issue of Regulatory Capital Convertible Instruments | 39,955,941,211 | 97.73 | 928,717,096 | 2.27 | 40,884,658,307 | 64.84% | 40,441,881 |
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 than 14 clear days' notice | 38,304,036,952 | 93.65 | 2,598,915,964 | 6.35 | 40,902,952,916 | 64.87% | 21,610,480 |
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 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 Matt Smith Head of Media Relations Email: matt.smith@lloydsbanking.com | +44 (0) 7788 352 487 |