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Standard Chrtrd PLC - Overseas Regulatory Announcement

RNS Number : 1961I
Standard Chartered PLC
31 March 2020
 

STANDARD CHARTERED PLC

31 March 2020

WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY CONVERTIBLE ADDITIONAL TIER 1 SECURITIES

On 2 March 2020, The Stock Exchange of Hong Kong Limited granted a waiver to Standard Chartered PLC (the "Company") from compliance with Rule 13.36(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Waiver"). 

The Waiver allows the directors to seek a specific mandate from the shareholders at the Company's 2020 annual general meeting to be held on 6 May 2020 ("AGM") in relation to issuing Equity Convertible Additional Tier 1 Securities, subject to the limits set out in the Company's Notice of AGM. If the specific mandate is approved by shareholders, the waiver would continue in force until:

(i) the end of next year's AGM (or, if  earlier, until the close of business on 5 August 2021) at which time it will lapse unless the specific mandate is renewed, either unconditionally or subject to conditions; or

(ii) revoked or varied by ordinary resolution of the shareholders in a general meeting.

 

To view the full announcement click here:

http://www.rns-pdf.londonstockexchange.com/rns/1961I_1-2020-3-31.pdf

Contact name for Enquiries 

Joan Medland, Head, Advisory, Capital & Listings - 020 7885 5561

Richard Staff, Head, Capital Issuance & Term Funding - 0207 885 8656

 


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Quick facts: Standard Chartered PLC

Price: 445.2

Market: LSE
Market Cap: £14.05 billion
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