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27 Mar 2023 10:50
STANDARD CHARTERED PLC
27 March 2023
WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY CONVERTIBLE ADDITIONAL TIER 1 SECURITIES
On 9 March 2023, 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 2023 annual general meeting to be held on 3 May 2023 ("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 2 August 2024) 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/3250U_1-2023-3-27.pdf
Contact name for Enquiries
Louis Philpott, Director, Board Governance, Shareholder Services - 0207 885 2055
Richard Staff, Head, Capital Issuance & Term Funding - 0207 885 8656
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