REG - Lloyds Banking Group - Result of AGM

Lloyds BankingAnnouncement

18/05/2023 14:15

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RNS Number : 9298Z  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:

                                                                                                                                                           Total Votes

                                                                                                                                                           Cast

 Resolution                                                                                 Votes           % of    Votes          % of    Total Votes     as a %       Votes

                                                                                            For             Votes   Against        Votes   Validly Cast    of the       Withheld

                                                                                                            Cast                   Cast                    Ordinary

                                                                                                                                                           Shares in

                                                                                                                                                           Issue
 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                                                 40,646,432,135  99.96   15,684,639     0.04    40,662,116,774  62.03%       30,907,792

             1.60 pence per ordinary share
 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   39,248,122,433  96.53   1,411,102,456  3.47    40,659,224,889  62.02%       43,905,295
             incur political expenditure
 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         40,009,144,557  98.44   634,550,159    1.56    40,643,694,716  62.00%       46,144,590
             Regulatory Capital Convertible Instruments
 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  39,621,516,047  97.52   1,007,811,191  2.48    40,629,327,238  61.98%       59,807,576
             financing an acquisition transaction or other capital investment
 24.         To authorise the limited disapplication of pre-emption rights in relation to   39,632,004,666  97.55   994,672,889    2.45    40,626,677,555  61.97%       61,114,508
             the issue of Regulatory Capital Convertible Instruments
 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   37,963,280,826  93.39   2,685,687,730  6.61    40,648,968,556  62.01%       39,598,994
             than 14 clear days' notice

 

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 (https://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                      +44 (0) 20 7356 3522

 Matt Smith

 Head of Media Relations

 Email: matt.smith@lloydsbanking.com

 

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