Rights Issue - Successful Pla

RNS Number : 7771V

Standard Chartered PLC

08 November 2010

 



NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, INDIA OR SOUTH AFRICA 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.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION FOR ANY INVESTMENT IN OR SUBSCRIPTION FOR INDIAN DEPOSITORY RECEIPTS AND/OR SHARES IN INDIA. ANY PERSON WHO IS IN POSSESSION OF THIS ANNOUNCEMENT IS HEREBY NOTIFIED THAT NO ACTION HAS BEEN OR WILL BE TAKEN THAT WOULD ALLOW AN OFFERING OF INDIAN DEPOSITORY RECEIPTS AND/OR SHARES IN INDIA AND NEITHER THIS ANNOUNCEMENT NOR ANY OFFERING MATERIAL RELATING TO THE RIGHTS ISSUE HAS BEEN SUBMITTED TO THE REGISTRAR OF COMPANIES IN INDIA OR THE SECURITIES AND EXCHANGE BOARD OF INDIA FOR PRIOR REVIEW OR APPROVAL. FURTHER, NO DOCUMENT IN CONNECTION WITH THE RIGHTS ISSUE HAS BEEN FILED OR REGISTERED WITH THE REGISTRAR OF COMPANIES IN INDIA.

8 November 2010

Standard Chartered PLC

RIGHTS ISSUE - SUCCESSFUL PLACEMENT OF RUMP

Standard Chartered PLC (the "Company") today announces that J.P. Morgan Cazenove, Goldman Sachs International, UBS Investment Bank and Standard Chartered Securities (Hong Kong) Limited, as joint bookrunners, have procured acquirers for the 3,836,235 New Ordinary Shares for which valid acceptances were not received, at a price of 1955 pence per New Ordinary Share.

The net proceeds from the sale of such New Ordinary Shares after deduction of the Issue Price of 1,280 pence per New Ordinary Share and the expenses of procuring acquirers (including any applicable brokerage, commissions, currency conversion costs and any amounts in respect of value added tax which are not recoverable), if any, will be paid (without interest) to those persons entitled to lapsed provisional allotments who have not taken up their entitlements, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 (or its equivalent in Hong Kong dollars) will not be so paid but retained for the benefit of the Company.

Contacts:

Standard Chartered PLC
For further information, please contact:

Stephen Atkinson, Head of Investor Relations                  [phone]
Jon Tracey, Head of Media Relations                              [phone]

The defined terms set out in the Prospectus dated 15 October 2010 apply in this announcement.

This announcement has been issued by and is the sole responsibility of Standard Chartered PLC.

J.P. Morgan Cazenove, Goldman Sachs International, UBS Investment Bank and Standard Chartered Securities (Hong Kong) Limited are acting for the Company and for 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 nor for providing advice in connection with the Rights Issue or any other matter referred to herein.

This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, 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 cannot be relied upon for any investment contract or decision.

The information contained in this announcement is not for release, publication or distribution to persons in the United States, Canada, India or South Africa 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 or form part of an offer or solicitation to purchase or subscribe for securities of the Company in the United States, Canada, India or South Africa. None of the Nil Paid Rights, the Fully Paid Rights or the New Ordinary Shares has been or will be registered under the Securities Act or under the applicable securities laws of any state, province or territory of the United States. Accordingly, unless a relevant exemption from the registration requirements of the Securities Act is available, neither the Nil Paid Rights, the Fully Paid Rights or the New Ordinary Shares may, subject to certain exceptions, be offered, sold, taken up, renounced or delivered, directly or indirectly, within the United States. There will be no public offer of Nil Paid Rights, Fully Paid Rights or New Ordinary Shares in the United States.

 

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