TIDMSTAN

RNS Number : 6830U

Standard Chartered PLC

07 April 2021

STANDARD CHARTERED PLC

7 April 2021

WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY CONVERTIBLE ADDITIONAL TIER 1 SECURITIES

On 5 March 2021, 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 2021 annual general meeting to be held on 12 May 2021 ("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, at the close of business on 11 August 2022) 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/6830U_1-2021-4-7.pdf

Contact name for Enquiries

Joan Medland, Head, Advisory, Capital & Listings - 020 7885 5561

Richard Staff, Head, Capital Issuance & Term Funding - 0207 885 8656

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUBARRARUSRAR

(END) Dow Jones Newswires

April 07, 2021 06:20 ET (10:20 GMT)

Standard Chartered (LSE:STAN)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Standard Chartered Charts.
Standard Chartered (LSE:STAN)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Standard Chartered Charts.