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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Standard Chartered Plc | LSE:STAN | London | Ordinary Share | GB0004082847 | ORD USD0.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-7.80 | -1.15% | 671.40 | 670.40 | 670.80 | 683.80 | 670.40 | 679.80 | 8,209,407 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 18.02B | 3.47B | 1.2403 | 5.41 | 18.75B |
TIDMSTAN
RNS Number : 1699M
Standard Chartered PLC
06 May 2020
RESULT OF AGM
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING
Wednesday 6 May 2020
Standard Chartered PLC (the 'Company') announces the result of voting on the resolutions at its Annual General Meeting ('AGM') held on Wednesday 6 May 2020, as set out in the AGM notice.
A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 23 were passed as ordinary resolutions with the exception of Resolution 2, which was withdrawn by the Board ahead of the meeting. Resolutions 24 to 30 were passed as special resolutions. The results of the poll were as follows:
Resolution Votes For % Votes Against % Votes Total Votes % of Withheld ISC voted 1. To receive the Company's annual report for the financial year ended 31 December 2019 together with the reports of the directors and auditors 607,969,640 99.97 156,036 0.03 367,552 608,125,676 77.07% ------------ ------ -------------- ----- ---------- ------------ ----------- 2. WITHDRAWN - - - - - - - ------------ ------ -------------- ----- ---------- ------------ ----------- 3. To approve the annual report on remuneration contained in the Directors' Remuneration Report for the year ended 31 December 2019 583,380,384 96.96 18,288,372 3.04 6,824,454 601,668,756 76.25% ------------ ------ -------------- ----- ---------- ------------ ----------- 4. To elect Phil Rivett, an independent non-executive director 607,772,005 99.91 535,891 0.09 185,963 608,307,896 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 5. To elect David Tang, an independent non-executive director 607,826,889 99.92 478,644 0.08 188,327 608,305,533 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 6. To re-elect David Conner, an independent non-executive director 601,558,087 99.90 573,899 0.10 193,535 602,131,986 76.31% ------------ ------ -------------- ----- ---------- ------------ ----------- 7. To re-elect Byron Grote, an independent non-executive director 597,736,991 98.24 10,689,158 1.76 185,053 608,426,149 77.11% ------------ ------ -------------- ----- ---------- ------------ ----------- 8. To re-elect Andy Halford, an executive director 607,379,057 99.67 2,026,477 0.33 185,120 609,405,534 77.23% ------------ ------ -------------- ----- ---------- ------------ ----------- 9. To re-elect Christine Hodgson, CBE, an independent non-executive director 600,770,170 99.79 1,237,152 0.21 6,493,913 602,007,322 76.30% ------------ ------ -------------- ----- ---------- ------------ ----------- 10. To re-elect Gay Huey Evans, OBE, an independent non-executive director 607,926,596 99.94 383,042 0.06 184,222 608,309,638 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 11. To re-elect Naguib Kheraj, an independent non-executive director 607,721,950 99.90 586,335 0.10 185,574 608,308,285 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 12. To re-elect Ngozi Okonjo-Iweala, an independent non-executive director 607,978,633 99.95 329,174 0.05 186,052 608,307,807 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 13. To re-elect Carlson Tong, an independent non-executive director 607,835,780 99.92 473,368 0.08 184,711 608,309,148 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 14. To re-elect José Viñals as Group Chairman 607,084,958 99.83 1,052,652 0.17 356,250 608,137,610 77.07% ------------ ------ -------------- ----- ---------- ------------ ----------- 15. To re-elect Jasmine Whitbread, an independent non-executive director 607,883,907 99.93 424,019 0.07 185,934 608,307,926 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 16. To re-elect Bill Winters, CBE, an executive director 607,756,981 99.91 543,303 0.09 193,576 608,300,284 77.09% ------------ ------ -------------- ----- ---------- ------------ ----------- 17. To appoint Ernst & Young LLP (EY) as auditor to the Company from the end of the AGM until the end of next year's AGM 605,613,053 99.54 2,818,939 0.46 61,865 608,431,992 77.11% ------------ ------ -------------- ----- ---------- ------------ ----------- 18. To authorise the Audit Committee, acting for and on behalf of the Board, to set the remuneration of the auditor 607,761,017 99.89 672,390 0.11 60,395 608,433,407 77.11% ------------ ------ -------------- ----- ---------- ------------ ----------- 19. To authorise the Company and its subsidiaries to make political donations and incur political expenditure 603,144,728 99.56 2,685,383 0.44 2,662,339 605,830,111 76.78% ------------ ------ -------------- ----- ---------- ------------ ----------- 20. To renew the authorisation of the Board to offer a scrip dividend to shareholders 605,807,132 99.57 2,628,501 0.43 57,155 608,435,633 77.11% ------------ ------ -------------- ----- ---------- ------------ ----------- 21. To authorise the Board to allot shares 587,632,334 96.66 20,318,036 3.34 543,483 607,950,370 77.05% ------------ ------ -------------- ----- ---------- ------------ ----------- 22. To extend the authority to allot shares by such number of shares repurchased by the Company under the authority granted pursuant to resolution 27 593,043,486 97.79 13,384,379 2.21 2,065,991 606,427,865 76.86% ------------ ------ -------------- ----- ---------- ------------ ----------- 23. To authorise the Board to allot shares and grant rights to subscribe for or to convert any security into shares in relation to any issue of Equity Convertible Additional Tier 1 Securities 598,467,135 98.69 7,949,362 1.31 2,077,357 606,416,497 76.85% ------------ ------ -------------- ----- ---------- ------------ ----------- 24. To authorise the Board to disapply pre-emption rights in relation to the authority granted pursuant to resolution 21 604,727,798 99.72 1,689,868 0.28 2,076,189 606,417,666 76.85% ------------ ------ -------------- ----- ---------- ------------ ----------- 25. In addition to resolution 24, to authorise the Board to disapply pre-emption rights in relation to the authority granted pursuant to resolution 21 for the purposes of acquisitions and other capital investments 593,795,078 97.94 12,489,153 2.06 2,074,620 606,284,231 76.84% ------------ ------ -------------- ----- ---------- ------------ ----------- 26. In addition to resolution 24 and 25, to authorise the Board to disapply pre-emption rights in relation to the authority granted pursuant to resolution 23 591,680,500 97.59 14,600,664 2.41 2,077,688 606,281,164 76.84% ------------ ------ -------------- ----- ---------- ------------ ----------- 27. To authorise the Company to purchase its own ordinary shares 599,510,002 98.60 8,512,082 1.40 471,768 608,022,084 77.06% ------------ ------ -------------- ----- ---------- ------------ ----------- 28. To authorise the Company to purchase its own preference shares 604,069,821 99.35 3,948,137 0.65 475,898 608,017,958 77.06% ------------ ------ -------------- ----- ---------- ------------ ----------- 29. To adopt the new Articles of Association with effect from the conclusion of the AGM 608,372,616 99.99 45,660 0.01 75,585 608,418,276 77.11%
------------ ------ -------------- ----- ---------- ------------ ----------- 30. That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice 581,044,222 95.50 27,384,895 4.50 64,738 608,429,117 77.11% ------------ ------ -------------- ----- ---------- ------------ -----------
As at the date of the AGM, the number of issued ordinary shares of the Company was 3,156,182,262 shares , which was the total number of shares entitling the holders to attend and vote for or against all resolutions. There was no share entitling the holder to attend and abstain from voting in favour of any of the resolutions as set out in rule 13.40 of the Hong Kong Listing Rules . In accordance with the Company's Articles of Association, on a poll every member has one vote for every four shares held, therefore the total number of voting rights was 789,045,565. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of votes 'for' or 'against' a resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for' total.
There were no restrictions on any shareholders casting votes on any of the resolutions proposed at the AGM, save resolution 21. Executive directors of the Company and their associates were required to abstain from resolution 21 which affected a total of 628,536 voting rights. The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.
Copies of resolutions put to shareholders at the AGM today and the new Articles of Association adopted will be submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's National Storage Mechanism, which can be accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
In the context of the coronavirus outbreak, the AGM was held as a purely procedural meeting, covering only the formal business. A message from the Group Chairman is available here: sc.com/en/investors/events-and-presentations/agm/ .
For further information, please contact:
Jon Tracey
Global Head, Communications
1 Basinghall Avenue
London
EC2V 5DD
020 7885 7613
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.
END
RAGKKABPQBKDKPK
(END) Dow Jones Newswires
May 06, 2020 10:55 ET (14:55 GMT)
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