15 May 2025
LLOYDS BANKING GROUP PLC
ANNUAL GENERAL MEETING
Following the annual general meeting held today at the Edinburgh International Conference Centre, The Exchange, Edinburgh, 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 19 (inclusive) were passed as ordinary resolutions. Resolutions 20 to 25 (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 accounts and reports for the year ended 31 December 2024 | 40,194,744,521 | 99.97 | 10,897,415 | 0.03 | 40,205,641,936 | 66.93% | 57,852,120 |
| 2. | To re-elect Sir Robin Budenberg as a director | 39,916,987,969 | 99.20 | 320,091,555 | 0.80 | 40,237,079,524 | 66.98% | 26,198,701 |
| 3. | To re-elect Charlie Nunn as a director | 40,209,448,384 | 99.93 | 28,404,214 | 0.07 | 40,237,852,598 | 66.98% | 25,674,385 |
| 4. | To elect Nathan Bostock as a director | 40,205,817,563 | 99.93 | 28,748,104 | 0.07 | 40,234,565,667 | 66.98% | 28,418,485 |
| 5. | To re-elect William Chalmers as a director | 40,032,766,969 | 99.49 | 203,378,102 | 0.51 | 40,236,145,071 | 66.98% | 26,978,436 |
| 6. | To re-elect Sarah Legg as a director | 40,202,357,436 | 99.92 | 32,693,902 | 0.08 | 40,235,051,338 | 66.98% | 27,901,152 |
| 7. | To re-elect Amanda Mackenzie as a director | 40,207,536,290 | 99.93 | 27,730,308 | 0.07 | 40,235,266,598 | 66.98% | 27,790,378 |
| 8. | To re-elect Harmeen Mehta as a director | 40,202,798,771 | 99.92 | 30,970,240 | 0.08 | 40,233,769,011 | 66.98% | 29,110,045 |
| 9. | To re-elect Cathy Turner as a director | 38,645,294,255 | 96.05 | 1,589,943,220 | 3.95 | 40,235,237,475 | 66.98% | 27,575,142 |
| 10. | To re-elect Scott Wheway as a director | 40,204,223,157 | 99.92 | 30,592,821 | 0.08 | 40,234,815,978 | 66.98% | 27,862,943 |
| 11. | To re-elect Catherine Woods as a director | 39,950,180,673 | 99.29 | 284,926,112 | 0.71 | 40,235,106,785 | 66.98% | 27,641,654 |
| 12. | To approve the directors' remuneration report | 37,912,721,332 | 94.23 | 2,322,916,654 | 5.77 | 40,235,637,986 | 66.98% | 27,886,701 |
| 13. | To declare and pay a final dividend | 40,238,725,285 | 99.98 | 7,808,593 | 0.02 | 40,246,533,878 | 67.00% | 17,786,277 |
| 14. | To re-appoint Deloitte LLP as Auditor | 40,215,797,561 | 99.94 | 22,954,117 | 0.06 | 40,238,751,678 | 66.98% | 24,538,110 |
| 15. | To authorise the Audit Committee to set the remuneration of the Auditor | 40,200,262,522 | 99.90 | 39,438,043 | 0.10 | 40,239,700,565 | 66.99% | 23,229,979 |
| 16. | To approve the removal of the 5 per cent. dilution limit from discretionary share plans | 38,800,461,206 | 96.47 | 1,418,648,424 | 3.53 | 40,219,109,630 | 66.95% | 43,787,768 |
| 17. | To authorise the Company and its subsidiaries to make political donations or incur political expenditure | 39,232,374,352 | 97.50 | 1,007,863,899 | 2.50 | 40,240,238,251 | 66.99% | 24,444,521 |
| 18. | To authorise the directors to allot shares | 37,988,508,575 | 94.42 | 2,245,496,811 | 5.58 | 40,234,005,386 | 66.98% | 28,978,858 |
| 19. | To authorise the directors to allot shares in relation to the issue of Regulatory Capital Convertible Instruments | 39,455,643,907 | 98.07 | 775,687,846 | 1.93 | 40,231,331,753 | 66.97% | 31,505,513 |
| 20. | To disapply pre-emption rights | 39,737,560,105 | 98.84 | 465,984,343 | 1.16 | 40,203,544,448 | 66.93% | 59,113,579 |
| 21. | To disapply pre-emption rights in the event of financing an acquisition transaction or other capital investment | 39,547,817,033 | 98.36 | 657,788,580 | 1.64 | 40,205,605,613 | 66.93% | 56,805,558 |
| 22. | To disapply pre-emption rights in relation to the issue of Regulatory Capital Convertible Instruments | 38,992,471,607 | 96.94 | 1,232,431,853 | 3.06 | 40,224,903,460 | 66.96% | 37,385,594 |
| 23. | To authorise the Company to purchase ordinary shares | 40,145,285,672 | 99.80 | 79,636,130 | 0.20 | 40,224,921,802 | 66.96% | 37,054,879 |
| 24. | To authorise the Company to purchase preference shares | 39,852,258,873 | 99.08 | 370,511,309 | 0.92 | 40,222,770,182 | 66.96% | 39,352,685 |
| 25. | To authorise reduced notice of a general meeting other than an annual general meeting | 37,448,781,403 | 93.07 | 2,787,052,218 | 6.93 | 40,235,833,621 | 66.98% | 25,800,407 |
Notes
The full text of the resolutions, along with the explanatory notes, is set out in the Notice of Annual General Meeting, which is available on the Company's website: www.lloydsbankinggroup.com
For all resolutions, as at 5.30 pm on Tuesday 13 May 2025 (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 60,072,396,578 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 UK Listing Rule 6.4.2, 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 in unedited full text at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-END-
For further information:
Investor Relations
Douglas Radcliffe +44 (0)20 7356 1571
Group Investor Relations Director
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0)77 8835 2487
Head of Media Relations
matt.smith@lloydsbanking.com
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