Two-way Fungibility of Indian Depository Receipts

RNS Number : 4342D

Standard Chartered PLC

29 April 2013

 



29 April 2013

Standard Chartered PLC

Two-way Fungibility of Indian Depository Receipts

Standard Chartered PLC (the "Company") announces the implementation of a partial two-way fungibility programme enabling the redemption of Indian Depository Receipts ("IDRs") issued by the Company into ordinary shares of the Company ("Shares") and the conversion of Shares into IDRs (the "Fungibility Programme").

Full details of the Fungibility Programme are available at http://investors.standardchartered.com/en/.

Persons may only participate in the Fungibility Programme in circumstances where such participation does not give rise to any requirement on the part of the Company, Standard Chartered Bank, The Bank of New York Mellon or Karvy Computershare Private Limited in any jurisdiction to comply with any filing or other requirement or to pay any fees or expenses. US Persons (within the meaning of Regulation S under the US Securities Act of 1933, as amended) are not eligible to participate in the Fungibility Programme.

The Shares to be released on redemption of IDRs will be registered on the UK share register and can only be traded on the London Stock Exchange.  If a former IDR holder wishes to trade the Shares in Hong Kong, he or she must arrange for the Shares to be transferred from the UK share register to the Hong Kong branch register.  Similarly, if a shareholder holding his or her Shares on the Hong Kong branch register wishes to convert those Shares into IDRs, he or she must first arrange for the Shares to be transferred from the Hong Kong branch register to the UK share register. 

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