Last checked at 11 May 2017 15:34
11 May 2017
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 23 (inclusive) were passed as ordinary resolutions. Resolutions 24 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 Relevant Shares in Issue | Votes Withheld | ||
1 | Receive the report and accounts for the year ended 31 December 2016 | 49,083,819,654 | 99.97 | 14,950,702 | 0.03 | 49,098,770,356 | 68.71% | 68,247,447 | |
2 | Re-election of Lord Blackwell | 48,847,420,841 | 99.39 | 300,419,929 | 0.61 | 49,147,840,770 | 68.78% | 18,957,492 | |
3 | Re-election of Mr J Colombás | 48,909,781,542 | 99.52 | 236,833,929 | 0.48 | 49,146,615,471 | 68.78% | 20,286,137 | |
4 | Re-election of Mr M G Culmer | 48,811,194,583 | 99.32 | 335,170,861 | 0.68 | 49,146,365,444 | 68.77% | 20,469,002 | |
5 | Re-election of Mr A P Dickinson | 48,954,947,809 | 99.61 | 190,993,248 | 0.39 | 49,145,941,057 | 68.77% | 20,776,842 | |
6 | Re-election of Ms A M Frew | 48,802,224,903 | 99.30 | 344,229,512 | 0.70 | 49,146,454,415 | 68.77% | 20,326,386 | |
7 | Re-election of Mr S P Henry | 45,969,665,311 | 93.54 | 3,174,842,599 | 6.46 | 49,144,507,910 | 68.77% | 22,195,415 | |
8 | Re-election of Mr A Horta-Osório | 48,932,329,822 | 99.56 | 216,122,029 | 0.44 | 49,148,451,851 | 68.78% | 18,647,047 | |
9 | Re-election of Ms D D McWhinney | 48,728,977,381 | 99.15 | 417,387,903 | 0.85 | 49,146,365,284 | 68.77% | 20,266,492 | |
10 | Re-election of Mr N E T Prettejohn | 48,970,939,329 | 99.64 | 174,816,950 | 0.36 | 49,145,756,279 | 68.77% | 20,936,776 | |
11 | Re-election of Mr S W Sinclair | 48,911,792,174 | 99.52 | 233,958,058 | 0.48 | 49,145,750,232 | 68.77% | 20,950,714 | |
12 | Re-election of Ms S V Weller | 48,969,412,938 | 99.64 | 176,886,132 | 0.36 | 49,146,299,070 | 68.77% | 20,320,278 | |
13 | Approval of Remuneration Policy section of the Directors' Remuneration Report | 47,672,876,650 | 98.03 | 959,073,982 | 1.97 | 48,631,950,632 | 68.05% | 534,843,925 | |
14 | Approval of Annual Report on Remuneration section of the Directors' Remuneration Report | 48,112,925,594 | 97.92 | 1,023,046,801 | 2.08 | 49,135,972,395 | 68.76% | 30,692,628 | |
15 | Approval of a final ordinary dividend of 1.7 pence per ordinary share | 49,108,342,678 | 99.89 | 53,256,750 | 0.11 | 49,161,599,428 | 68.80% | 5,636,275 | |
16 | Approval of a special dividend of 0.5 pence per ordinary share | 49,111,145,241 | 99.90 | 50,861,136 | 0.10 | 49,162,006,377 | 68.80% | 5,167,585 | |
17 | Re-appointment of the auditor | 47,679,407,581 | 97.17 | 1,386,597,716 | 2.83 | 49,066,005,297 | 68.66% | 100,645,144 | |
18 | Authority to set the remuneration of the auditor | 48,910,755,667 | 99.50 | 245,265,589 | 0.50 | 49,156,021,256 | 68.79% | 10,516,896 | |
19 | Approval of the renewal of the Lloyds Banking Group Sharesave Scheme 2007 | 48,766,993,446 | 99.21 | 386,733,519 | 0.79 | 49,153,726,965 | 68.78% | 13,104,042 | |
20 | Authority to make political donations or to incur political expenditure | 48,400,070,535 | 98.51 | 732,756,180 | 1.49 | 49,132,826,715 | 68.76% | 33,749,389 | |
21 | Re-designation of the limited voting shares | 49,156,751,419 | 99.91 | 46,185,246 | 0.09 | 49,202,936,665 | 68.78% | 28,635,193 | |
22 | Directors' authority to allot shares | 46,637,627,928 | 95.17 | 2,369,201,251 | 4.83 | 49,006,829,179 | 68.58% | 159,698,167 | |
23 | Directors' authority to allot shares in relation to the issue of Regulatory Capital Convertible Instruments | 48,156,229,181 | 98.35 | 806,867,747 | 1.65 | 48,963,096,928 | 68.52% | 203,166,149 | |
24 | Limited disapplication of pre-emption rights (ordinary shares) | 48,613,377,619 | 99.18 | 400,809,828 | 0.82 | 49,014,187,447 | 68.59% | 151,959,658 | |
25 | Limited disapplication of pre-emption rights (financing an acquisition or other capital investment) | 45,605,037,868 | 93.04 | 3,410,008,049 | 6.96 | 49,015,045,917 | 68.59% | 151,070,275 | |
26 | Limited disapplication of pre-emption rights (Regulatory Capital Convertible Instruments) | 46,755,545,410 | 95.39 | 2,258,575,152 | 4.61 | 49,014,120,562 | 68.59% | 151,998,897 | |
27 | Authority to purchase own ordinary shares | 48,635,184,688 | 99.00 | 490,818,254 | 1.00 | 49,126,002,942 | 68.75% | 40,743,911 | |
28 | Authority to purchase own preference shares | 49,044,890,530 | 99.85 | 74,804,858 | 0.15 | 49,119,695,388 | 68.74% | 42,607,840 | |
29 | Adoption of new articles of association (limited voting shares) | 49,183,601,540 | 99.95 | 26,465,001 | 0.05 | 49,210,066,541 | 68.79% | 21,333,085 | |
30 | Notice period for general meetings | 47,018,648,553 | 95.66 | 2,132,207,405 | 4.34 | 49,150,855,958 | 68.78% | 15,485,151 | |
Anthony Watson and Nick Luff, both Independent Non-Executive Directors, notified the Board that they would not be seeking re-election at the annual general meeting.
For all resolutions, save for resolutions 21 and 29, as at 6.30 pm on 9 May 2017 (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 71,459,965,313 relevant shares in issue. The holders of the limited voting shares were entitled to vote on resolutions 21 and 29 but not on any of the other resolutions. For resolutions 21 and 29, as at 6.30 pm on 9 May 2017 there were 71,540,886,364 relevant shares in issue (including the limited voting shares).
221 ordinary shareholders or persons representing ordinary shareholders attended the meeting. Ordinary shareholders are entitled to one vote per share. Holders of limited voting shares are entitled to one vote per share in respect of the resolutions on which they are entitled to vote.
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