Report of Foreign Issuer (6-k)
May 21 2020 - 11:48AM
Edgar (US Regulatory)
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
21 May 2020
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 21 May
2020
re: Result of
AGM
21
May 2020
ANNUAL GENERAL MEETING OF LLOYDS BANKING GROUP PLC
Following the annual general meeting held today, Lloyds Banking
Group plc (the "Company") announces that all resolutions put to
shareholders at the meeting were passed by the requisite
majorities. Resolutions 1 to 16 (inclusive) and 18 to 23
(inclusive) were passed as ordinary resolutions. Resolutions
24 to 29 (inclusive) were passed as special resolutions. As
detailed in our announcement dated 31 March 2020, Resolution 17,
the resolution seeking approval of a final dividend, was
withdrawn. 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
2019
|
46,385,399,885
|
99.78
|
100,797,171
|
0.22
|
46,486,197,056
|
65.97%
|
148,066,914
|
2.
|
Election of Mr W L D Chalmers
|
46,257,064,694
|
99.27
|
339,538,471
|
0.73
|
46,596,603,165
|
66.13%
|
37,426,569
|
3.
|
Election of Ms S C Legg
|
46,534,778,026
|
99.87
|
62,060,317
|
0.13
|
46,596,838,343
|
66.13%
|
37,132,987
|
4.
|
Election of Ms C M Woods
|
46,532,773,900
|
99.86
|
63,491,048
|
0.14
|
46,596,264,948
|
66.13%
|
37,754,036
|
5.
|
Re-election of Lord Blackwell
|
45,950,487,679
|
98.61
|
647,815,823
|
1.39
|
46,598,303,502
|
66.13%
|
36,052,161
|
6.
|
Re-election of Mr J Colombás
|
46,474,173,136
|
99.77
|
106,374,839
|
0.23
|
46,580,547,975
|
66.10%
|
47,925,158
|
7.
|
Re-election of Mr A P Dickinson
|
45,955,680,656
|
98.62
|
640,845,241
|
1.38
|
46,596,525,897
|
66.13%
|
37,532,982
|
8.
|
Re-election of Mr S P Henry
|
46,045,987,873
|
98.90
|
512,261,649
|
1.10
|
46,558,249,522
|
66.07%
|
75,785,632
|
9.
|
Re-election of Mr A Horta-Osório
|
46,475,394,370
|
99.73
|
125,448,042
|
0.27
|
46,600,842,412
|
66.13%
|
33,434,942
|
10.
|
Re-election of Lord Lupton
|
46,519,240,494
|
99.83
|
78,059,697
|
0.17
|
46,597,300,191
|
66.13%
|
36,733,734
|
11.
|
Re-election of Ms A F Mackenzie
|
46,352,382,064
|
99.47
|
244,634,832
|
0.53
|
46,597,016,896
|
66.13%
|
36,964,425
|
12.
|
Re-election of Mr N E T Prettejohn
|
46,101,565,279
|
98.94
|
494,841,403
|
1.06
|
46,596,406,682
|
66.13%
|
37,551,359
|
13.
|
Re-election of Mr S W Sinclair
|
45,840,943,328
|
98.38
|
755,624,877
|
1.62
|
46,596,568,205
|
66.13%
|
37,333,097
|
14.
|
Re-election of Ms S V Weller
|
46,173,945,676
|
99.09
|
423,669,897
|
0.91
|
46,597,615,573
|
66.13%
|
36,298,155
|
15.
|
Approval of the Directors' remuneration policy section of the
Directors' remuneration report
|
29,212,979,494
|
63.82
|
16,562,445,285
|
36.18
|
45,775,424,779
|
64.96%
|
858,667,359
|
16.
|
Approval of the annual report on remuneration section of the
Directors' remuneration report
|
44,123,583,254
|
94.97
|
2,338,508,167
|
5.03
|
46,462,091,421
|
65.94%
|
171,918,698
|
17.
|
Approval of a final ordinary dividend
of 2.25 pence per
ordinary share
|
RESOLUTION WITHDRAWN
|
18.
|
Re-appointment of the auditor
|
44,439,359,832
|
95.36
|
2,164,220,509
|
4.64
|
46,603,580,341
|
66.14%
|
30,461,144
|
19.
|
Authority to set the remuneration of the auditor
|
45,623,161,774
|
97.92
|
969,398,832
|
2.08
|
46,592,560,606
|
66.12%
|
41,340,125
|
20.
|
Approval of the Lloyds Banking Group Long Term Share Plan 2020
rules
|
29,477,483,305
|
63.69
|
16,806,809,888
|
36.31
|
46,284,293,193
|
65.68%
|
349,836,227
|
21.
|
Authority to make political donations or to incur political
expenditure
|
45,039,421,206
|
96.70
|
1,537,450,055
|
3.30
|
46,576,871,261
|
66.10%
|
57,288,535
|
22.
|
Directors' authority to allot shares
|
44,135,552,845
|
94.70
|
2,470,770,682
|
5.30
|
46,606,323,527
|
66.14%
|
27,729,694
|
23.
|
Directors' authority to allot shares in relation to the issue of
Regulatory Capital Convertible Instruments
|
45,896,314,991
|
98.54
|
678,679,114
|
1.46
|
46,574,994,105
|
66.10%
|
58,938,280
|
24.
|
Limited disapplication of pre-emption rights (ordinary
shares)
|
45,809,090,501
|
98.31
|
789,449,619
|
1.69
|
46,598,540,120
|
66.13%
|
35,182,279
|
25.
|
Limited disapplication of pre-emption rights in the event of
financing an acquisition or other capital investment
|
45,334,815,844
|
97.29
|
1,262,670,928
|
2.71
|
46,597,486,772
|
66.13%
|
36,266,642
|
26.
|
Limited disapplication of pre-emption rights in relation to the
issue of Regulatory Capital Convertible Instruments
|
45,405,339,628
|
97.45
|
1,190,312,519
|
2.55
|
46,595,652,147
|
66.13%
|
37,710,116
|
27.
|
Authority to purchase own ordinary shares
|
45,900,075,158
|
98.51
|
696,287,155
|
1.49
|
46,596,362,313
|
66.13%
|
37,697,400
|
28.
|
Authority to purchase own preference shares
|
46,291,008,556
|
99.35
|
303,684,816
|
0.65
|
46,594,693,372
|
66.12%
|
39,260,045
|
29.
|
Notice period for general meetings
|
44,124,261,322
|
94.66
|
2,487,836,025
|
5.34
|
46,612,097,347
|
66.15%
|
21,511,013
|
Notes
For
all resolutions, as at 6.30 pm on 19 May 2020 (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 70,465,376,199 ordinary shares in
issue.
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 Listing Rule 9.6.2, copies of the resolutions
will be submitted to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
As
previously announced, as a result of the COVID-19 pandemic and the
measures put in place by the UK and Scottish Governments to reduce
the transmission of COVID-19, the annual general meeting was
held as a closed meeting at the Company's registered office located
at The Mound, Edinburgh, EH1 1YZ, with only the minimum number of
shareholders present as required to form a quorum under the
Company's articles of association, who were all employees of Lloyds
Banking Group. All valid proxy votes and voting instructions
(whether submitted electronically or in hard copy form) were
included in the poll taken at the meeting.
Resolutions 15 and 20
Over
the past 9 months, we have consulted extensively on our new
remuneration policy which is designed to reflect better the Group's
purpose, the evolving societal views on remuneration and desired
outcomes for all stakeholders including a significant reduction in
maximum compensation levels. We gained considerable positive
feedback and support during the consultation from a range of
shareholders, both large and small, and we appreciate their ongoing
engagement and support. The Board recognises that developing a new
remuneration approach that meets the needs of all shareholders is
difficult, but felt the introduction of this new policy, which
includes a significant reduction and harmonisation in pension
contributions, would ensure greater alignment with
shareholders.
The
Board welcomes the broad shareholder support for the new
Remuneration Policy (Resolution 15) and Long Term Share Plan
(Resolution 20) which were approved with a majority of close to
64%, but notes there were a significant number of votes opposing
the resolutions. The Board appreciates that restricted share
schemes remain a relatively new concept and that practice continues
to evolve. We are also aware from our extensive pre AGM
consultation that a number of investors have expressed reservations
about different aspects of the plan, including the desire for still
further simplification. In the light of today's votes we will
continue to consult with shareholders and other stakeholders and
will consider the full range of feedback as we implement our new
remuneration policy.
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: 21 May 2020
Lloyds Banking (PK) (USOTC:LLOBF)
Historical Stock Chart
From Sep 2024 to Oct 2024
Lloyds Banking (PK) (USOTC:LLOBF)
Historical Stock Chart
From Oct 2023 to Oct 2024