Standard Chartered PLC Overseas Regulatory Announcement (1961I)

TIDMSTAN

RNS Number : 1961I

Standard Chartered PLC

31 March 2020

STANDARD CHARTERED PLC

31 March 2020

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

On 2 March 2020, 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 2020 annual general meeting to be held on 6 May 2020 ("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, until the close of business on 5 August 2021) 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/1961I_1-2020-3-31.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.

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March 31, 2020 05:10 ET (09:10 GMT)

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