Standard Chartered PLC Issuance of US$1.25bn Additional Tier 1 Securities (8342K)
January 06 2021 - 12:20PM
UK Regulatory
TIDMSTAN
RNS Number : 8342K
Standard Chartered PLC
06 January 2021
STANDARD CHARTERED PLC
6 January 2021
NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES
ISSUANCE OF U.S.$ 1,250,000,000 FIXED RATE RESETTING PERPETUAL
SUBORDINATED CONTINGENT CONVERTIBLE SECURITIES (THE
"SECURITIES")
Standard Chartered PLC intends to issue the Securities on 14
January 2021.
Application has been made to The Stock Exchange of Hong Kong
Limited (the "Hong Kong Stock Exchange") for the listing of, and
permission to deal in, the Securities as a debt issue to
professional investors (as defined in Chapter 37 of the Rules
Governing the Listing of Securities on the Hong Kong Stock
Exchange) and to professional investors (as defined in the
Securities and Futures Ordinance (Cap. 571 of the Laws of Hong
Kong)) only on the Hong Kong Stock Exchange. Application has also
been made to the Hong Kong Stock Exchange for the listing of, and
permission to deal in, the ordinary shares to be issued upon any
conversion of the Securities.
The Securities will be subject to the terms and conditions set
out in the offering circular dated 5 January 2021 relating to the
Securities.
For further information with respect to the Securities, please
paste the following URL into the address bar of the browser:
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0106/2021010600055.pdf
For further information please contact:
Daniel Banks
Managing Director, Global Head, Debt Investor Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 6329
Julie Gibson
Head of Group Media Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 2434
DISCLAIMER - INTENDED ADDRESSEES
This announcement does not constitute an offer of any securities
for sale. No action has been taken in any jurisdiction to permit a
public offering of the Securities where such action is required.
The offer and sale of the Securities may be restricted by law in
certain jurisdictions.
The Securities and any ordinary shares which may be delivered
upon conversion of the Securities have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") or with any securities regulatory authority of
any state or other jurisdiction of the United States, and the
Securities and any ordinary shares which may be delivered upon
conversion of the Securities are subject to U.S. tax law
requirements. Subject to certain exceptions, the Securities and any
ordinary shares which may be delivered upon conversion of the
Securities may not be offered or sold to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the
Securities Act).
The Securities are not intended to be offered, sold or otherwise
made available to and should not be offered, sold or otherwise made
available to any retail investor in the EEA. For these purposes, a
retail investor in the EEA means a person who is one (or more) of:
(i) a retail client as defined in point (11) of Article 4(1) of
Directive 2014/86/EU ("EU MiFID II") or (ii) a customer within the
meaning of Directive (EU) 2016/97 (the "Insurance Distribution
Directive") where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of EU MiFID II.
Consequently no key information document ("KID") required by
Regulation (EU) No. 1286/2014 (the "EU PRIIPs Regulation") for
offering or selling the Securities or otherwise making them
available to retail investors in the EEA has been prepared and
therefore offering or selling the Securities or otherwise making
them available to any retail investor in the EEA may be unlawful
under the EU PRIIPs Regulation.
The Securities are not intended to be offered, sold or otherwise
made available to and should not be offered, sold or otherwise made
available to any retail investor in the UK. For these purposes, a
retail investor in the UK means a person who is one (or more) of:
(i) a retail client as defined in point (8) of Article 2 of
Regulation (EU) No. 2017/565 as it forms part of the domestic law
of the United Kingdom by virtue of the European Union (Withdrawal)
Act 2018 as may be amended from time to time including, without
limitation, by the European Union (Withdrawal Agreement) Act 2020)
("EUWA") or (ii) a customer within the meaning of the provisions of
the Financial Services and Markets Act 2000 and any rules or
regulations made under the Financial Services and Markets Act 2000
to implement the Insurance Distribution Directive, where that
customer would not qualify as a professional client, as defined in
point (8) of Article 2(1) of Regulation (EU) No. 600/2014 as it
forms part of the domestic law of the United Kingdom by virtue of
the EUWA. Consequently no KID required by the EU PRIIPs Regulation
as it forms part of the domestic law of the United Kingdom by
virtue of the EUWA (the "UK PRIIPs Regulation") for offering or
selling the Securities or otherwise making them available to
investors in the UK has been prepared and therefore offering or
selling the Securities or otherwise making them available to any
retail investor in the UK may be unlawful under the UK PRIIPs
Regulation.
The Securities are not intended to be initially placed and may
not be initially placed to "connected persons" of the Company under
the Rules Governing the Listing of Securities on The Stock Exchange
of Hong Kong Limited.
The distribution of this announcement in certain jurisdictions
may be restricted by law. Persons into whose possession this
announcement comes are required to inform themselves about and to
observe any such restrictions.
Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91
END
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January 06, 2021 12:20 ET (17:20 GMT)
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