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in our announcement dated 31 March 2020, Resolution 17, the resolution seeking approval of a final dividend, was withdrawn.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
 
 
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