Lloyds Banking Group PLC Update on 2020 AGM arrangements (6249M)
May 12 2020 - 4:35AM
UK Regulatory
TIDMLLOY
RNS Number : 6249M
Lloyds Banking Group PLC
12 May 2020
12 May 2020
Lloyds Banking Group plc (the "Company")
Update on the important changes to our AGM as a result of
COVID-19
On 3 April 2020, we published an update to shareholders to
inform them of some important expected changes to our Annual
General Meeting ("AGM") as a result of the COVID-19 pandemic and
the measures put in place to reduce the transmission of COVID-19,
including the prohibition on individuals engaging in non-essential
travel and public gatherings. As stated in the notice of AGM
published on 19 March 2020, this year's AGM is scheduled to take
place on Thursday, 21 May 2020 at 11.00 am.
The Board has continued to monitor developments in relation to
the COVID-19 pandemic closely and the health and wellbeing of the
Company's shareholders, customers and employees continue to remain
of paramount importance. As a result, and in line with the updated
measures from the UK and Scottish Governments, we can now confirm
that this year's AGM must follow a different format and will,
unfortunately, not be open to shareholders in the usual way.
Our AGM will be held with only the minimum number of
shareholders present as required to form a quorum under the
Company's articles of association, who will be officers or
employees of Lloyds Banking Group. To ensure safety, other
shareholders will not be able to gain access to the AGM on the
day.
For shareholders who have not yet submitted their votes, proxy
appointments or voting instructions we ask that these are provided
as soon as possible and received by Equiniti no later than 11.00 am
on Tuesday, 19 May 2020 in order to be valid. To ensure that
shareholders' votes are counted, the Board strongly encourages
shareholders to exercise their right to vote by appointing the
chairman of the AGM as their proxy to exercise their right to vote
at the AGM in accordance with their instructions.
The results of the votes on the proposed resolutions will be
announced in the normal way as soon as practicable after the
conclusion of the AGM.
Virtual shareholder event
In recognition of the importance of shareholders being given the
opportunity to ask questions of the Board, and in order to provide
a business update during these unprecedented times, we will be
webcasting a pre-recorded presentation on Thursday, 21 May 2020 at
12.00 pm. During this presentation, shareholders will hear updates
from our Chairman, Lord Blackwell and our Chief Executive Officer,
António Horta-Osório, who will also be answering pre-submitted
questions from shareholders.
Shareholders can submit their questions by email to
ShareholderQuestions@LloydsBanking.com with the subject line "AGM
2020". While it may not be possible to possible to answer all
questions during the broadcast, a personal email or written
response will be provided to all shareholders, and responses to
questions submitted by shareholders which are of common interest
will also be posted to our website. Shareholders are reminded,
however, that personal issues as customers are not appropriate
matters for the AGM.
Shareholders can visit
www.lloydsbankinggroup.com/Investors/shareholder-info/shareholder-meetings/
for further information on this year's AGM.
We are disappointed that we are unable to have shareholders in
attendance at this year's AGM and thank shareholders for their
understanding in these unprecedented circumstances. We trust that
this virtual event continues to underline our commitment to our
shareholders.
For further information
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@lloydsbanking.com +44 (0) 20 7356 1571
Group Corporate Affairs
Matt Smith
Head of Media Relations
Email: matt.smith@lloydsbanking.com +44 (0) 20 7356 3522
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END
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