Overseas Regulatory Announcement

RNS Number : 2187G

Standard Chartered PLC

28 March 2022

 

STANDARD CHARTERED PLC

28 March 2022

WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY CONVERTIBLE ADDITIONAL TIER 1 SECURITIES

On 1 March 2022, The Stock Exchange of Hong Kong Limited granted a waiver to Standard Chartered PLC (the "Company") from compliance with Rule 13.36(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Waiver"). 

The Waiver allows the directors to seek a specific mandate from the shareholders at the Company's 2022 annual general meeting to be held on 4 May 2022 ("AGM") in relation to issuing Equity Convertible Additional Tier 1 Securities, subject to the limits set out in the Company's Notice of AGM. If the specific mandate is approved by shareholders, the waiver would continue in force until:

(i) the end of next year's AGM (or, if earlier, at the close of business on 3 August 2023) at which time it will lapse unless the specific mandate is renewed, either unconditionally or subject to conditions; or

(ii) revoked or varied by ordinary resolution of the shareholders in a general meeting.

To view the full announcement click here:

http://www.rns-pdf.londonstockexchange.com/rns/2187G_1-2022-3-28.pdf

Contact name for Enquiries

Louis Philpott, Director, Board Governance, Shareholder Services - 0207 885 2055

Richard Staff, Head, Capital Issuance & Term Funding - 0207 885 8656

 

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