Transaction in Own Shares

RNS Number : 5068F

Standard Chartered PLC

09 March 2020

 

STANDARD CHARTERED PLC

9 March 2020

Transaction in own shares

Standard Chartered PLC ("SC") announces that today it purchased the following number of its ordinary shares of US$0.50 each through J.P. Morgan Securities plc, pursuant to the share buy-back programme previously announced on 27 February 2020.

Ordinary Shares:

Date of purchase:	9 March 2020
Aggregate number of ordinary shares purchased:	2,187,763
Lowest price paid per share:	456.7000
Highest price paid per share:	486.2000
Weighted average price paid per share:	468.9387

Aggregated information of ordinary shares purchased today according to each trading venue:

Venue	Weighted average price paid per share	Aggregate number of shares purchased	Lowest price paid per share	Highest price paid per share
London Stock Exchange	468.8802	1,294,369	456.8000	480.8000
Turquoise	469.0413	211,524	456.8000	486.2000
Chi-X (CXE)	469.0398	305,023	456.7000	486.2000
BATS (BXE)	469.0001	376,847	456.7000	486.2000

SC intends to cancel the purchased shares.

Following the purchase of these shares, SC will have 3,188,326,513 ordinary shares in issue. Therefore, the total voting rights in SC will be 797,081,628 . This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, SC under the FCA's Disclosure Guidelines and Transparency Rules.

SC holds no shares in Treasury.

In respect of this buy-back programme, J.P. Morgan Securities plc will purchase SC's ordinary shares, acting as principal, for a period from 2 March 2020 up to and including 14 May 2020.

Any such share purchases will be effected in accordance with certain pre-set parameters, and in accordance with (and subject to limits prescribed by) SC's general authority to repurchase ordinary shares granted by its shareholders, Chapter 12 of the Financial Conduct Authority's Listing Rules, Article 5(1) of Regulation (EU) No 596/2014 (the "Market Abuse Regulation"), the Commission Delegated Regulation (EU) 2016/1052, the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited, and the Hong Kong Codes on Takeovers and Mergers and Share Buy-Backs.

In accordance with Article 5(1)(b) of the Market Abuse Regulation, a full breakdown of the individual trades is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/5068F_1-2020-3-9.pdf

This announcement will also be available on SC's website at: https://www.sc.com/en/investors/stock-exchange-announcements/  

Enquiries to:

Mark Stride, Head of Investor Relations   [phone]

Julie Gibson, Head of Media Relations [phone]

 

END

 

 

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