By Oliver Griffin

Lloyds Banking Group PLC (LLOY.LN) said Thursday that 21% of its shareholders voted against the directors' remuneration at its annual general meeting.

The bank said that while the resolution for remuneration was passed with a substantial majority, the number of votes opposed to it was significant.

Lloyds said that, in the future, it will engage further with shareholders to discuss its approach toward remuneration with a view to further simplifying and enhancing its disclosure.

Write to Oliver Griffin at oliver.griffin@dowjones.com

(END) Dow Jones Newswires

May 24, 2018 10:59 ET (14:59 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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