Standard Chartered PLC Results of Class Meetings (6702L)
04 Janvier 2023 - 12:00PM
UK Regulatory
TIDMSTAN
RNS Number : 6702L
Standard Chartered PLC
04 January 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (A) IN OR INTO OR
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TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF
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PERSON" AS DEFINED IN REGULATION S UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OTHER
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UNDER THE SECURITIES ACT OR (B) IN OR INTO ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
ANNOUNCEMENT.
Standard Chartered PLC
4 January 2023
RESULTS OF CLASS MEETINGS
Wednesday 4 January 2023
On 8 November 2022, Standard Chartered PLC (the "Company")
announced its proposal to amend the terms and provisions of each of
the 6.409% non-cumulative redeemable preference shares of US$5 each
in the share capital of the Company (the "6.409% Preference
Shares") and the 7.014% non-cumulative redeemable preference shares
of US$5 each in the share capital of the Company (the "7.014%
Preference Shares" and, together with the 6.409% Preference Shares,
the "Preference Shares") (the "Proposals"), the full terms and
conditions of which were contained in the Consent Solicitation
Memorandum and Notices of Class Meeting dated 8 November 2022 (the
"Consent Solicitation Memorandum"). Unless otherwise defined,
capitalised terms used in this notice have the meanings given in
the Consent Solicitation Memorandum.
The separate adjourned class meetings of the holders of the
6.409% Preference Shares and of the holders of the 7.014%
Preference Shares were both held today (together, the "Class
Meetings"). A special resolution on whether to approve the
Proposals in respect of the relevant series of Preference Shares
was put to each Class Meeting and was voted on by the relevant
Preference Shareholders in accordance with the voting instructions
validly submitted by Eligible ADS Holders.
Notwithstanding the fact that 67% of the votes cast in respect
of the 6.409% Preference Shares and 60% of the votes cast in
respect of the 7.014% Preference Shares were in favour of the
Proposals, neither resolution was passed at the Class Meetings and
accordingly the Proposals are not being implemented pursuant to
those resolutions. The Company is considering any appropriate next
steps.
For further information, please contact:
THE SOLICITATION AGENTS
J.P. Morgan Securities LLC J.P. Morgan Securities plc
383 Madison Avenue 25 Bank Street
New York, New York 10179 London E14 5JP
USA United Kingdom
+1 (866) 834-4666 +44 20 7134 2468
Collect number: +1 (212) liability_management_EMEA@jpmorgan.com
834 4045
Standard Chartered Bank
1 Basinghall Avenue
London EC2V 5DD
United Kingdom
+1 212 667 0351 / +44 (0)20 7885 5739
liability_management@sc.com
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END
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