Results of Rights Issue

RNS Number : 3559K

Standard Chartered PLC

18 December 2008

 



NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, INDIA, SOUTH AFRICA OR SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE. 

18 December 2008

Standard Chartered PLC

RESULTS OF RIGHTS ISSUE 

Standard Chartered PLC (the 'Company') today announces that under the terms of a 30 for 91 Rights Issue announced on 24 November 2008, valid acceptances have been received in respect of 96.95 per cent. of the total number of New Ordinary Shares offered to Shareholders. 

As disclosed on page 40 of the prospectus relating to the Rights Issue, JPMorgan Cazenove Limited, UBS Limited and Goldman Sachs International, acting as joint bookrunners, will use reasonable endeavours to procure acquirers for the balance of New Ordinary Shares not validly taken up in the Rights Issue. A further announcement as to the number of New Ordinary Shares for which acquirers have been procured will be made in due course.

Contacts:

Standard Chartered PLC

For further information, please contact:

Stephen Atkinson, Head of Investor Relations             [phone]

Tim Baxter, Head of External Communications            [phone]

Hong Kong contact

Gabriel Kwan, Head of Media and Government Relations    [phone]

Definitions used in the prospectus relating to the Rights Issue dated 26 November 2008 shall have the same meanings when used in the announcement, unless the context requires otherwise.  

JPMorgan Cazenove Limited is acting as Sponsor and joint bookrunner. J.P. Morgan Securities Ltd. is acting as joint underwriter. UBS Limited and Goldman Sachs International are acting as joint underwriters and joint bookrunners.

JPMorgan Cazenove Limited, J.P. Morgan Securities Ltd., UBS Limited and Goldman Sachs International are acting for the Company and no one else in connection with the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in connection with the Rights Issue or any other matter referred to herein.

This announcement is not a prospectus but an advertisement and investors should not acquire any Nil Paid Rights, Fully Paid Rights or New Shares referred to in this announcement except on the basis of the information contained in the Prospectus.

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, Nil Paid Rights, Fully Paid Rights or New Ordinary Shares or to take up any entitlements to Nil Paid Rights in any jurisdiction in which such an offer or solicitation is unlawful. 

This announcement is not for release, publication or distribution to persons in the United States, Canada, India, South Africa or Switzerland and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of local securities laws or regulations.

This announcement does not constitute an offer for sale of securities of the Company in the United States, Canada, India, South Africa or Switzerland. Such securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder. 

The distribution of this announcement and/or the prospectus relating to the Rights Issue and/or the Provisional Allotment Letters and/or the transfer of Nil Paid Rights, Fully Paid Rights and/or New Ordinary Shares into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. 

 

END

 

 

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