Result of Rights Issue

RNS Number : 7495V

Standard Chartered PLC

07 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.

7 November 2010

Standard Chartered PLC

RESULT OF RIGHTS ISSUE

Standard Chartered PLC (the "Company") today announces that it has received valid acceptances in respect of 256,689,528 New Ordinary Shares representing approximately 98.528 per cent of New Ordinary Shares offered to Qualifying Shareholders pursuant to the 1 for 8 Rights Issue announced on 13 October 2010.

In accordance with the arrangements set out in Part IX of the Prospectus, J.P. Morgan Cazenove, Goldman Sachs International, UBS Investment Bank and Standard Chartered Securities (Hong Kong) Limited, as joint bookrunners, will use their reasonable endeavours to procure acquirers for the balance of New Ordinary Shares for which valid acceptances were not received. A further announcement as to the number of New Ordinary Shares for which acquirers have been procured by the joint bookrunners will be made in due course.

TOTAL VOTING RIGHTS INFORMATION

At close of business on 7 November 2010 the issued share capital of the Company consisted of:

99,250,000 8 1/4 per cent non-cumulative irredeemable preference shares of £1 each with no equity voting rights;

96,035,000 7 3/8 per cent non-cumulative irredeemable preference shares of £1 each with no equity voting rights;

7,500 6.409 per cent non-cumulative redeemable preference shares of US$5 each with no equity voting rights;

7,500 7.014 per cent non-cumulative redeemable preference shares of US$5 each with no equity voting rights;

462,500 8.125 per cent non-cumulative redeemable preference shares of US$5 each with no equity voting rights; and

2,344,827,835 ordinary shares of US$0.50 each with voting rights of one vote for every US$2 nominal value.

Therefore, ordinary shareholders have one vote for every four ordinary shares they hold. Indian Depository Receipt (IDRs) holders have one vote for every forty IDRs they hold.

The total number of voting rights in the Company is 586,206,958. This figure may be used by shareholders to determine the percentage of voting rights (one vote for every US$2 nominal value of ordinary shares) they hold in the Company and if they are required to notify their interests, or a change to their interests, in the Company under the FSA's Disclosure and Transparency Rules.

The Company holds no shares in Treasury.

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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