Result of AGM

RNS Number : 4514Y

Standard Chartered PLC

12 May 2021

 

RESULT OF AGM

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

Wednesday 12 May 2021

Standard Chartered PLC (the 'Company') announces the result of voting on the resolutions at its Annual General Meeting ('AGM') held on Wednesday 12 May 2021, as set out in the Notice of AGM.

A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 23 were passed as ordinary resolutions. Resolutions 24 to 29 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 2020 together with the reports of the directors and auditors.	609,538,852	99.65	2,142,527	0.35	1,195,862	611,681,379	78.44
2. To declare a final dividend of US$0.09 per ordinary share for the year ended 31 December 2020.	612,093,837	99.88	730,828	0.12	52,576	612,824,665	78.59
3. To approve the annual report on remuneration contained in the Directors' Remuneration Report for the year ended 31 December 2020.	596,685,018	98.59	8,508,938	1.41	7,673,691	605,193,956	77.61
4. To elect Maria Ramos, an independent non-executive director.	612,524,940	99.96	219,617	0.04	132,605	612,744,557	78.58
5. To re-elect David Conner, an independent non-executive director.	612,613,621	99.97	183,713	0.03	80,656	612,797,334	78.59
6. To re-elect Byron Grote, an independent non-executive director.	603,180,974	98.44	9,560,562	1.56	136,844	612,741,536	78.58
7. To re-elect Andy Halford, an executive director.	612,370,639	99.93	432,966	0.07	74,780	612,803,605	78.59
8. To re-elect Christine Hodgson, CBE, an independent non-executive director.	602,835,750	99.54	2,799,162	0.46	7,243,470	605,634,912	77.67
9. To re-elect Gay Huey Evans, OBE, an independent non-executive director.	612,555,113	99.96	235,874	0.04	87,399	612,790,987	78.59
10. To re-elect Naguib Kheraj, an independent non-executive director.	610,168,899	99.57	2,621,935	0.43	87,548	612,790,834	78.59
11.  To re-elect Phil Rivett, an independent non-executive director.	610,170,782	99.57	2,613,969	0.43	93,629	612,784,751	78.59
12.  To re-elect David Tang, an independent non-executive director.	612,610,005	99.97	178,117	0.03	90,341	612,788,122	78.59
13.  To re-elect Carlson Tong, an independent non-executive director.	612,558,604	99.97	173,036	0.03	146,824	612,731,640	78.58
14.  To re-elect José Viñals, as Group Chairman.	592,330,407	97.41	15,750,855	2.59	4,797,112	608,081,262	77.98
15. To re-elect Jasmine Whitbread, an independent non-executive director.	610,132,113	99.57	2,659,434	0.43	86,833	612,791,547	78.59
16. To re-elect Bill Winters, CBE, an executive director.	612,509,039	99.97	196,318	0.03	173,029	612,705,357	78.58
17. To re-appoint Ernst & Young LLP as auditor to the Company from the end of the AGM until the end of next year's AGM.	608,043,361	99.22	4,774,589	0.78	60,512	612,817,950	78.59
18. To authorise the Audit Committee, acting for and on behalf of the Board, to set the remuneration of the auditor.	612,492,490	99.95	325,492	0.05	60,479	612,817,982	78.59
19. To authorise the Company and its subsidiaries to make political donations and incur political expenditure within the limits prescribed in the resolution.	607,091,493	99.07	5,694,204	0.93	92,231	612,785,697	78.59
20. To approve the 2021 Standard Chartered Share Plan and authorise the Board to do anything it considers necessary or desirable for its implementation and operation.	604,960,923	98.72	7,867,553	1.28	49,905	612,828,476	78.59
21. To authorise the Board to allot ordinary shares.	594,777,133	97.09	17,853,650	2.91	247,594	612,630,783	78.57
22. To extend the authority to allot shares granted pursuant to resolution 21 by such number of shares repurchased by the Company under the authority granted pursuant to resolution 27.	595,583,468	97.47	15,428,068	2.53	1,866,846	611,011,536	78.36
23. 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 by the Company of Equity Convertible Additional Tier 1 Securities.	604,261,847	98.90	6,738,696	1.10	1,877,840	611,000,543	78.36
24. To authorise the Board to disapply pre-emption rights in relation to the authority granted pursuant to resolution 21.	606,899,574	99.33	4,082,895	0.67	1,895,914	610,982,469	78.36
25. In addition to the authority granted pursuant to resolution 24, to authorise the Board to disapply pre-emption rights in relation to the authority granted pursuant to resolution 21 for the purposes of acquisitions and other capital investments.	597,553,370	97.80	13,467,720	2.20	1,857,291	611,021,090	78.36
26. In addition to the authorities granted pursuant to resolutions 24 and 25, to authorise the Board to disapply pre-emption rights in relation to the authority granted, in respect of Equity Convertible Additional Tier 1 Securities, pursuant to resolution 23.	600,953,095	98.35	10,054,442	1.65	1,870,747	611,007,537	78.36
27. To authorise the Company to purchase its own ordinary shares.	605,114,743	98.95	6,432,167	1.05	1,330,051	611,546,910	78.43
28. To authorise the Company to purchase its own preference shares.	610,465,766	99.82	1,081,957	0.18	1,330,735	611,547,723	78.43
29. To enable the Company to call a general meeting other than an Annual General Meeting on no less than 14 clear days' notice.	583,487,507	95.22	29,310,852	4.78	76,146	612,798,359	78.59

As at the date of the AGM, the number of issued ordinary shares of the Company was 3,119,033,863 , 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 779,758,465 . 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 21. Directors (excluding independent non-executive directors) and their respective associates were required to abstain, and have abstained, from resolution 21 which affected a total of 719,266 voting rights. The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

Copies of resolutions put to shareholders at the AGM today will be 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information, please contact:
 

Julie Gibson
Global Head, Media Relations
1 Basinghall Avenue
London
EC2V 5DD
[phone]

 

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