Standard Chartered Regulatory News (STAN)

STANDARD CHARTERED PLC

5 April 2024

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

On 26 February 2024, 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 2024 annual general meeting to be held on 10 May 2024 ("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 9 August 2025) 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/5089J_1-2024-4-5.pdfContact name for Enquiries

Rebecca Whibley, Director, Board Governance, Capital & Listings - 0207 885 9144

Sharn Hawkins, Executive Director, Treasury Capital - 0207 885 1564