Standard Chartered PLC Overseas Regulatory Announcement

RNS Number : 5089J

Standard Chartered PLC

05 April 2024

 

STANDARD CHARTERED PLC

5 April 2024

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

On 26 February 2024, 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 2024 annual general meeting to be held on 10 May 2024 ("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 9 August 2025) 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/5089J_1-2024-4-5.pdf

Contact name for Enquiries

Rebecca Whibley, Director, Board Governance, Capital & Listings - 0207 885 9144

Sharn Hawkins, Executive Director, Treasury Capital - 0207 885 1564

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCUVVWRSKUSRRR