Last checked at 23 Mar 2018 10:42
STANDARD CHARTERED PLC
23 March 2018
WAIVER IN RESPECT OF SPECIFIC MANDATE TO ISSUE EQUITY CONVERTIBLE ADDITIONAL TIER 1 SECURITIES
On 21 February 2018, 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 2018 annual general meeting to be held on 9 May 2018 ("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 annual general meeting (or, if earlier, at the close of business on 8 August 2019) 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/7557I_-2018-3-23.pdf
Contact name for Enquiries
Andrew Green, Assistant Group Secretary
020 7885 2130