Standard Chartered PLC Overseas Regulatory Announcement (1961I)
March 31 2020 - 5:10AM
UK Regulatory
TIDMSTAN
RNS Number : 1961I
Standard Chartered PLC
31 March 2020
STANDARD CHARTERED PLC
31 March 2020
WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY
CONVERTIBLE ADDITIONAL TIER 1 SECURITIES
On 2 March 2020, 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 2020 annual general meeting to be
held on 6 May 2020 ("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 5 August 2021) 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/1961I_1-2020-3-31.pdf
Contact name for Enquiries
Joan Medland, Head, Advisory, Capital & Listings - 020 7885
5561
Richard Staff, Head, Capital Issuance & Term Funding - 0207
885 8656
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END
MSCUASWRRNUOORR
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