Result of AGM

RNS Number : 0973E
Standard Chartered PLC
03 May 2017
 

RESULT OF AGM

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

Wednesday 3 May 2017

 

Standard Chartered PLC (the 'Company') announces the result of voting on the resolutions at its Annual General Meeting ('AGM') held on Wednesday 3 May 2017, as set out in the AGM notice.

 

A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 22 were passed as ordinary resolutions, and resolutions 23 to 28 were passed as special resolutions. The results of the poll were as follows:

 

Resolution

Votes For

%

Votes Against

%

Votes Withheld

Total Votes

% of ISC voted

1. To receive the Company's annual report and accounts for the financial year ended 31 December 2016 together with the reports of the directors and auditors

632,772,650

99.88

734,931

0.12

2,092,263

633,507,581

77.01%

2. To approve the annual report on remuneration for the year ended 31 December 2016

541,879,007

86.78

82,559,025

13.22

11,162,668

624,438,032

75.91%

3. To elect José Viñals as Chairman

624,884,543

99.38

3,926,217

0.62

6,790,352

628,810,760

76.44%

4. To re-elect Om Bhatt, a non-executive director

633,922,423

99.76

1,499,524

0.24

179,081

635,421,947

77.25%

5. To re-elect Dr Kurt Campbell, a non-executive director

632,880,766

99.60

2,542,402

0.40

177,861

635,423,168

77.25%

6. To re-elect Dr Louis Cheung, a non-executive director

634,392,347

99.84

1,019,642

0.16

188,927

635,411,989

77.25%

7. To re-elect David Conner, a non-executive director

632,869,069

99.60

2,551,882

0.40

180,218

635,420,951

77.25%

8. To re-elect Dr Byron Grote, a non-executive director

632,751,019

99.58

2,658,879

0.42

188,933

635,409,898

77.25%

9. To re-elect Andy Halford, an executive director

632,141,306

99.49

3,270,462

0.51

188,936

635,411,768

77.25%

10. To re-elect Dr Han Seung-soo, KBE, a non-executive director

634,268,742

99.82

1,154,455

0.18

177,916

635,423,197

77.25%

11. To re-elect Christine Hodgson, a non-executive director

605,809,995

96.34

22,996,775

3.66

6,794,168

628,806,770

76.44%

12. To re-elect Gay Huey Evans, OBE, a non-executive director

634,404,050

99.84

1,009,743

0.16

187,235

635,413,793

77.25%

13. To re-elect Naguib Kheraj, a non-executive director

631,706,130

99.42

3,706,461

0.58

188,436

635,412,591

77.25%

14. To re-elect Jasmine Whitbread, a non-executive director

632,839,120

99.59

2,573,940

0.41

188,053

635,413,060

77.25%

15. To re-elect Bill Winters, an executive director

634,392,077

99.84

1,005,152

0.16

203,883

635,397,229

77.24%

16. To re-appoint KPMG LLP as auditor to the Company from the end of the AGM until the end of next year's AGM

611,915,648

96.41

22,811,645

3.59

873,335

634,727,293

77.16%

17. To authorise the Board to set the auditor's fees

625,277,542

98.39

10,213,059

1.61

110,222

635,490,601

77.26%

18. To authorise the Company and its subsidiaries to make political donations

623,844,888

98.18

11,579,375

1.82

120,748

635,424,263

77.25%

19. To renew the authorisation of the Board to offer a scrip

dividend to shareholders

635,406,010

100.00

31,636

0.00

107,078

635,437,646

77.25%

20. To authorise the Board to allot shares

610,431,840

97.36

16,560,162

2.64

8,553,259

626,992,002

76.22%

21. To extend the authority to allot shares by such number of shares repurchased by the Company under the authority granted pursuant to resolution 26

615,255,135

96.83

20,161,737

3.17

125,860

635,416,872

77.25%

22. To authorise the Board to allot shares and grant rights to subscribe for or to convert any security into shares in relation to any issue of Equity Convertible Additional Tier 1 Securities

628,297,246

98.95

6,688,972

1.05

559,338

634,986,218

77.19%

23. To authorise the Board to disapply pre-emption rights in relation to authority granted pursuant to resolution 20

629,311,558

99.60

2,535,590

0.40

3,698,214

631,847,148

76.81%

24. In addition to resolution 23, to authorise the Board to

disapply pre-emption rights in relation to the authority

granted pursuant to resolution 20 for the purposes of acquisitions and other capital investments.

607,952,836

97.43

16,025,815

2.57

11,566,709

623,978,651

75.86%

25. To authorise the Board to disapply pre-emption rights in relation to authority granted pursuant to resolution 22

618,703,634

97.43

16,292,639

2.57

549,282

634,996,273

77.20%

26. To authorise the Company to purchase its own ordinary shares

629,997,979

99.18

5,185,254

0.82

417,325

635,183,233

77.22%

27. To authorise the Company to purchase its own preference shares

633,879,903

99.79

1,302,199

0.21

418,657

635,182,102

77.22%

28. That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice

602,432,803

94.81

32,997,225

5.19

170,722

635,430,028

77.25%

 

As at the date of the AGM, the number of issued ordinary shares of the Company was 3,290,328,848 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions.  There was no share entitling the holder to attend and abstain from voting in favour of any of the resolutions as set out in rule 13.40 of the Hong Kong Listing Rules. In accordance with the Company's Articles of Association, on a poll every member has one vote for every four shares held, therefore the total number of voting rights was 822,582,212. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of votes 'for' or 'against' a resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for' total.

 

There were no restrictions on any shareholders casting votes on any of the resolutions proposed at the AGM, save resolution 20. Executive directors of the Company and their associates were required to abstain from resolution 20 which affected a total of 231,789 voting rights. The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

 

The resolutions put to shareholders at the AGM today have been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's National Storage Mechanism, which can be accessed at http://www.morningstar.co.uk/uk/NSM.

Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91


This information is provided by RNS
The company news service from the London Stock Exchange
 
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