REG - Lloyds Banking Group - Result of AGM

Lloyds BankingAnnouncement

16/05/2024 14:15

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RNS Number : 7743O  Lloyds Banking Group PLC  16 May 2024

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:

                                                                                                                                                           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 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                                                 40,905,302,898  99.97   11,589,981     0.03    40,916,892,879  64.89%       10,190,618

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

 Matt Smith

 Head of Media Relations

 Email: matt.smith@lloydsbanking.com

 

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