Standard Chartered (LSE:STAN)
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RNS Number : 7080T

Standard Chartered PLC

22 March 2019

STANDARD CHARTERED PLC

22 March 2019

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

On 26 February 2019, 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 2019 annual general meeting to be held on 8 May 2019 ("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, until the close of business on 7 August 2020) 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/7080T_1-2019-3-22.pdf

Contact name for Enquiries

Andrew Green, Assistant Group Secretary - 020 7885 2130

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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(END) Dow Jones Newswires

March 22, 2019 05:41 ET (09:41 GMT)