TIDMSTAN
RNS Number : 1699M
Standard Chartered PLC
06 May 2020
RESULT OF AGM
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING
Wednesday 6 May 2020
Standard Chartered PLC (the 'Company') announces the result of
voting on the resolutions at its Annual General Meeting ('AGM')
held on Wednesday 6 May 2020, as set out in the AGM notice.
A poll was held on each of the resolutions and was passed by the
required majority. Resolutions 1 to 23 were passed as ordinary
resolutions with the exception of Resolution 2, which was withdrawn
by the Board ahead of the meeting. Resolutions 24 to 30 were passed
as special resolutions. The results of the poll were as
follows:
Resolution Votes For % Votes Against % Votes Total Votes % of
Withheld ISC voted
1. To receive the
Company's annual
report for the financial
year ended 31 December
2019 together with
the reports of the
directors and auditors 607,969,640 99.97 156,036 0.03 367,552 608,125,676 77.07%
------------ ------ -------------- ----- ---------- ------------ -----------
2. WITHDRAWN - - - - - - -
------------ ------ -------------- ----- ---------- ------------ -----------
3. To approve the
annual report on
remuneration contained
in the Directors'
Remuneration Report
for the year ended
31 December 2019 583,380,384 96.96 18,288,372 3.04 6,824,454 601,668,756 76.25%
------------ ------ -------------- ----- ---------- ------------ -----------
4. To elect Phil
Rivett, an independent
non-executive director 607,772,005 99.91 535,891 0.09 185,963 608,307,896 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
5. To elect David
Tang, an independent
non-executive director 607,826,889 99.92 478,644 0.08 188,327 608,305,533 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
6. To re-elect David
Conner, an independent
non-executive director 601,558,087 99.90 573,899 0.10 193,535 602,131,986 76.31%
------------ ------ -------------- ----- ---------- ------------ -----------
7. To re-elect Byron
Grote, an independent
non-executive director 597,736,991 98.24 10,689,158 1.76 185,053 608,426,149 77.11%
------------ ------ -------------- ----- ---------- ------------ -----------
8. To re-elect Andy
Halford, an executive
director 607,379,057 99.67 2,026,477 0.33 185,120 609,405,534 77.23%
------------ ------ -------------- ----- ---------- ------------ -----------
9. To re-elect Christine
Hodgson, CBE, an
independent non-executive
director 600,770,170 99.79 1,237,152 0.21 6,493,913 602,007,322 76.30%
------------ ------ -------------- ----- ---------- ------------ -----------
10. To re-elect
Gay Huey Evans, OBE,
an independent non-executive
director 607,926,596 99.94 383,042 0.06 184,222 608,309,638 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
11. To re-elect
Naguib Kheraj, an
independent non-executive
director 607,721,950 99.90 586,335 0.10 185,574 608,308,285 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
12. To re-elect
Ngozi Okonjo-Iweala,
an independent non-executive
director 607,978,633 99.95 329,174 0.05 186,052 608,307,807 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
13. To re-elect
Carlson Tong, an
independent non-executive
director 607,835,780 99.92 473,368 0.08 184,711 608,309,148 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
14. To re-elect
José Viñals
as Group Chairman 607,084,958 99.83 1,052,652 0.17 356,250 608,137,610 77.07%
------------ ------ -------------- ----- ---------- ------------ -----------
15. To re-elect
Jasmine Whitbread,
an independent non-executive
director 607,883,907 99.93 424,019 0.07 185,934 608,307,926 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
16. To re-elect
Bill Winters, CBE,
an executive director 607,756,981 99.91 543,303 0.09 193,576 608,300,284 77.09%
------------ ------ -------------- ----- ---------- ------------ -----------
17. To appoint Ernst
& Young LLP (EY)
as auditor to the
Company from the
end of the AGM until
the end of
next year's AGM 605,613,053 99.54 2,818,939 0.46 61,865 608,431,992 77.11%
------------ ------ -------------- ----- ---------- ------------ -----------
18. To authorise
the Audit Committee,
acting for and on
behalf of the Board,
to set the remuneration
of the auditor 607,761,017 99.89 672,390 0.11 60,395 608,433,407 77.11%
------------ ------ -------------- ----- ---------- ------------ -----------
19. To authorise
the Company and its
subsidiaries to make
political donations
and incur political
expenditure 603,144,728 99.56 2,685,383 0.44 2,662,339 605,830,111 76.78%
------------ ------ -------------- ----- ---------- ------------ -----------
20. To renew the
authorisation of
the Board to offer
a scrip
dividend to shareholders 605,807,132 99.57 2,628,501 0.43 57,155 608,435,633 77.11%
------------ ------ -------------- ----- ---------- ------------ -----------
21. To authorise
the Board to allot
shares 587,632,334 96.66 20,318,036 3.34 543,483 607,950,370 77.05%
------------ ------ -------------- ----- ---------- ------------ -----------
22. To extend the
authority to allot
shares by such number
of shares repurchased
by the Company under
the authority granted
pursuant to resolution
27 593,043,486 97.79 13,384,379 2.21 2,065,991 606,427,865 76.86%
------------ ------ -------------- ----- ---------- ------------ -----------
23. To authorise
the Board to allot
shares and grant
rights
to subscribe for
or to convert any
security into shares
in relation to any
issue of Equity Convertible
Additional Tier 1
Securities 598,467,135 98.69 7,949,362 1.31 2,077,357 606,416,497 76.85%
------------ ------ -------------- ----- ---------- ------------ -----------
24. To authorise
the Board to disapply
pre-emption rights
in relation to the
authority granted
pursuant to resolution
21 604,727,798 99.72 1,689,868 0.28 2,076,189 606,417,666 76.85%
------------ ------ -------------- ----- ---------- ------------ -----------
25. In addition
to resolution 24,
to authorise the
Board to
disapply pre-emption
rights in relation
to the authority
granted pursuant
to resolution 21
for the purposes
of
acquisitions and
other capital investments 593,795,078 97.94 12,489,153 2.06 2,074,620 606,284,231 76.84%
------------ ------ -------------- ----- ---------- ------------ -----------
26. In addition
to resolution 24
and 25, to authorise
the
Board to disapply
pre-emption rights
in relation to the
authority granted
pursuant to resolution
23 591,680,500 97.59 14,600,664 2.41 2,077,688 606,281,164 76.84%
------------ ------ -------------- ----- ---------- ------------ -----------
27. To authorise
the Company to purchase
its own ordinary
shares 599,510,002 98.60 8,512,082 1.40 471,768 608,022,084 77.06%
------------ ------ -------------- ----- ---------- ------------ -----------
28. To authorise
the Company to purchase
its own preference
shares 604,069,821 99.35 3,948,137 0.65 475,898 608,017,958 77.06%
------------ ------ -------------- ----- ---------- ------------ -----------
29. To adopt the
new Articles of Association
with effect from
the conclusion of
the AGM 608,372,616 99.99 45,660 0.01 75,585 608,418,276 77.11%
------------ ------ -------------- ----- ---------- ------------ -----------
30. That a general
meeting other than
an annual general
meeting may be called
on not less than
14 clear days' notice 581,044,222 95.50 27,384,895 4.50 64,738 608,429,117 77.11%
------------ ------ -------------- ----- ---------- ------------ -----------
As at the date of the AGM, the number of issued ordinary shares
of the Company was 3,156,182,262 shares , which was the total
number of shares entitling the holders to attend and vote for or
against all resolutions. There was no share entitling the holder to
attend and abstain from voting in favour of any of the resolutions
as set out in rule 13.40 of the Hong Kong Listing Rules . In
accordance with the Company's Articles of Association, on a poll
every member has one vote for every four shares held, therefore the
total number of voting rights was 789,045,565. Votes withheld are
not votes in law and have not been counted in the calculation of
the proportion of votes 'for' or 'against' a resolution. Proxy
appointments which gave discretion to the Chairman have been
included in the 'for' total.
There were no restrictions on any shareholders casting votes on
any of the resolutions proposed at the AGM, save resolution 21.
Executive directors of the Company and their associates were
required to abstain from resolution 21 which affected a total of
628,536 voting rights. The scrutineer of the poll was Computershare
Investor Services PLC, the Company's Share Registrar.
Copies of resolutions put to shareholders at the AGM today and
the new Articles of Association adopted will be submitted to the UK
Listing Authority, and will shortly be available for inspection at
the UK Listing Authority's National Storage Mechanism, which can be
accessed at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
.
In the context of the coronavirus outbreak, the AGM was held as
a purely procedural meeting, covering only the formal business. A
message from the Group Chairman is available here:
sc.com/en/investors/events-and-presentations/agm/ .
For further information, please contact:
Jon Tracey
Global Head, Communications
1 Basinghall Avenue
London
EC2V 5DD
020 7885 7613
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END
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