Company: LLOBF
Filing Date: 2025-06-11
Form Type: 424B2
Source: 0000950103-25-007252
Chunk: 142

Company: Lloyds Banking Group plc
Filing Date: 2025-06-11
Form: 424B2
Chunk 142
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 physical place or places of meeting and the electronic platforms. The directors
and the chair of a combined physical and electronic general meeting may make any arrangement and impose any requirement or restriction
as is: (i) necessary to ensure the identification of those taking part and the security of the electronic communication; and (ii) proportionate
to achieving these objectives.

The directors may make arrangements to enable
attendance or regulate the level of attendance at any place (including, for a combined physical and electronic meeting, electronic platform)
specified in the notice of meeting for the holding of a general meeting and, in any such case, shall direct that the meeting be held at
a specified place (including, for a combined physical and electronic meeting, electronic platform), where the chair of the meeting shall
preside, and make arrangements for simultaneous attendance and participation by members and proxies at other locations (including, for
a combined physical and electronic meeting, electronic platforms). The chair of a general meeting has express authority to adjourn the
meeting if, in the chair’s opinion, it appears impracticable to hold or continue the meeting because of crowding or unruly conduct
or because an adjournment is otherwise necessary for the proper conduct of the meeting.

The processes and procedures for the conduct of
a general meeting (including adjourning meetings, voting, amending resolutions and appointing proxies) is established under the Articles
of Association and the Companies Act 2006. The chair of a general meeting shall be entitled to take any action the chair considers appropriate
for properly and orderly conduct before and during a general meeting. The directors shall be entitled to ask persons wanting to attend
to submit to searches or other security arrangements as such directors consider appropriate.

At any general meeting which is held only as a
physical meeting, a resolution put to the vote of the meeting will be decided on a poll unless the chair determines that the resolution
will be decided on a show of hands. At any general meeting which is held as a combined physical and electronic meeting, any resolution
and any proposed amendments to it put to the vote of the meeting shall be decided on a poll.

The quorum necessary for the transaction of business
at a general meeting is three members present at the general meeting or represented by proxy and entitled to vote.

Dividends and Other Distributions and Return of Capital

Under the Companies Act 2006, before LBG can lawfully
make a distribution, it must ensure that it has sufficient distributable reserves (accumulated, realized