Standard Chartered PLC Overseas Regulatory Announcement (3066A)
March 23 2017 - 6:06AM
UK Regulatory
TIDMSTAN
RNS Number : 3066A
Standard Chartered PLC
23 March 2017
STANDARD CHARTERED PLC
LEI: U4LOSYZ7YG4W3S5F2G91
23 March 2017
WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY
CONVERTIBLE ADDITIONAL TIER 1 SECURITIES
On 17 February 2017, 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 2017 annual general meeting to be
held on 3 May 2017 ("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 annual general meeting (or, if
earlier, at the close of business on 2 August 2018) 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/3066A_-2017-3-23.pdf
Contact name for Enquiries
Lee Davis, Assistant Group Secretary
020 7885 7456
This information is provided by RNS
The company news service from the London Stock Exchange
END
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