Lloyds says 96 percent of shareholders back pay plan

Reuters

State-backed Lloyds Banking Group said on Thursday that 95.91 percent of shareholders at its annual general meeting approved its executive pay plan in 2012.

Lloyds also said 98.7 percent backed a resolution enabling it to issue capital convertible instruments.

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(Reporting by Matt Scuffham. Editing by Carmel Crimmins)