6-K 1 a2398p.htm RESULT OF AGM Blueprint
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
 
24 May 2018
 

LLOYDS BANKING GROUP plc

(Translation of registrant's name into English)
 
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
 
 
(Address of principal executive offices)
 
 
 
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
 
Form 20-F..X..     Form 40-F 
 
 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes         No ..X..
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
 
 
Index to Exhibits
 
 
Item
 
 No.1 Regulatory News Service Announcement, dated 24 May 2018
        re: Result of AGM
 
24 May 2018
 
 
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 20 (inclusive) were passed as ordinary resolutions.  Resolutions 21 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:
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
 
Receive the report and accounts for the year ended 31 December 2017
 
50,412,214,316
99.71
144,650,728
0.29
50,556,865,044
70.01%
158,533,416
2
 
Election of Lord Lupton
 
50,611,326,977
99.84
82,847,630
0.16
50,694,174,607
70.20%
20,833,283
3
 
Re-election of Lord Blackwell
 
49,937,212,157
98.50
759,076,027
1.50
50,696,288,184
70.20%
19,039,178
4
 
Re-election of Mr J Colombás
 
50,565,895,571
99.76
120,296,906
0.24
50,686,192,477
70.19%
19,711,631
5
 
Re-election of Mr M G Culmer
 
50,504,802,253
99.62
190,877,867
0.38
50,695,680,120
70.20%
19,539,691
6
 
Re-election of Mr A P Dickinson
 
50,393,548,384
99.41
301,277,440
0.59
50,694,825,824
70.20%
20,352,881
7
 
Re-election of Ms A M Frew
 
50,032,631,648
98.69
661,810,714
1.31
50,694,442,362
70.20%
19,039,522
8
 
Re-election of Mr S P Henry
 
50,184,766,859
98.99
510,470,353
1.01
50,695,237,212
70.20%
19,898,194
9
 
Re-election of Mr A Horta-Osório
 
50,585,088,105
99.77
114,326,113
0.23
50,699,414,218
70.20%
16,031,864
10
 
Re-election of Ms D D McWhinney
 
50,212,242,371
99.05
483,322,915
0.95
50,695,565,286
70.20%
19,534,669
11
 
Re-election of Mr N E T Prettejohn
 
50,603,106,992
99.82
91,748,384
0.18
50,694,855,376
70.20%
20,250,211
12
 
Re-election of Mr S W Sinclair
 
50,253,895,044
99.13
441,146,451
0.87
50,695,041,495
70.20%
20,050,905
13
 
Re-election of Ms S V Weller
 
50,408,924,604
99.44
286,395,931
0.56
50,695,320,535
70.20%
19,781,690
14
 
Approval of Annual Report on Remuneration section of the Directors' Remuneration Report
 
39,664,392,332
79.22
10,405,159,481
20.78
50,069,551,813
69.33%
645,476,735
15
 
Approval of a final ordinary dividend of 
2.05 pence per ordinary share
 
50,694,780,013
99.98
11,957,962
0.02
50,706,737,975
70.21%
8,787,169
16
 
Re-appointment of the auditor
 
48,802,070,950
96.26
1,897,818,858
3.74
50,699,889,808
70.20%
14,834,655
17
 
Authority to set the remuneration of the auditor
 
50,578,414,696
99.77
116,792,565
0.23
50,695,207,261
70.20%
15,243,976
18
 
Authority to make political donations or to incur political expenditure
 
49,887,776,103
98.45
787,585,005
1.55
50,675,361,108
70.17%
23,501,648
19
 
Directors' authority to allot shares
 
47,369,654,868
93.47
3,309,847,025
6.53
50,679,501,893
70.18%
19,198,102
20
 
Directors' authority to allot shares in relation to the issue of Regulatory Capital Convertible Instruments
 
49,506,467,694
97.76
1,134,445,858
2.24
50,640,913,552
70.12%
69,296,759
21
 
Limited disapplication of pre-emption rights (ordinary shares)
 
49,946,683,141
98.55
737,090,483
1.45
50,683,773,624
70.18%
30,894,482
22
 
Limited disapplication of pre-emption rights (financing an acquisition or other capital investment)
 
48,345,303,738
95.40
2,332,910,926
4.60
50,678,214,664
70.17%
30,010,973
23
 
Limited disapplication of pre-emption rights (Regulatory Capital Convertible Instruments)
 
48,649,967,415
95.99
2,034,137,426
4.01
50,684,104,841
70.18%
30,472,373
24
 
Authority to purchase own ordinary shares
 
49,923,394,734
98.53
745,983,546
1.47
50,669,378,280
70.16%
45,815,301
25
 
Authority to purchase own preference shares
 
50,568,092,142
99.80
99,456,946
0.20
50,667,549,088
70.16%
47,440,263
26
 
Adoption of new articles of association
 
50,655,362,300
99.94
29,945,820
0.06
50,685,308,120
70.18%
29,433,837
27
 
Notice period for general meetings
 
48,237,730,409
95.16
2,453,398,174
4.84
50,691,128,583
70.19%
23,648,359
 
Notes
 
 
For all resolutions, as at 6.30 pm on 22 May 2018 (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 72,216,988,490 ordinary shares in issue.
 
 
225 ordinary shareholders or persons representing ordinary shareholders attended the meeting. Ordinary shareholders are entitled to one vote per share. 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
 
 
Resolution 14
 
 
We welcome the broad shareholder support for our 2017 Remuneration Report.  Shareholder discussions and voting outcomes in recent years, in particular the 98 per cent vote for the Directors Remuneration Policy in 2017, suggest that our policy and approach to executive remuneration are appropriate.
 
We actively engage with our shareholders and representative bodies, including the proxy advisors, to ensure that we are aware of their views, and as a consequence in 2017 we made significant enhancements to the level of disclosure.
 
The Board notes that while the resolution to approve the Remuneration Report was passed with a substantial majority of close to 80%, there were a significant number of votes opposing the resolution.  Going forward, we will engage further with all shareholders and proxy advisors to discuss the Group's approach to remuneration with a view to further simplifying and enhancing our disclosure.
 
 
Signatures
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
LLOYDS BANKING GROUP plc
 (Registrant)
 
 
 
By: Douglas Radcliffe
Name: Douglas Radcliffe
Title: Group Investor Relations Director
 
 
 
 
 
Date: 24 May 2018