Standard Chartered PLC Overseas Regulatory Announcement (7557I)
March 23 2018 - 6:42AM
UK Regulatory
TIDMSTAN
RNS Number : 7557I
Standard Chartered PLC
23 March 2018
STANDARD CHARTERED PLC
23 March 2018
WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY
CONVERTIBLE ADDITIONAL TIER 1 SECURITIES
On 21 February 2018, 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 2018 annual general meeting to be
held on 9 May 2018 ("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 8 August 2019) 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/7557I_-2018-3-23.pdf
Contact name for Enquiries
Andrew Green, Assistant Group Secretary
020 7885 2130
This information is provided by RNS
The company news service from the London Stock Exchange
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