Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Standard Chartered PLC
  6. News
  7. Summary
    STAN   GB0004082847

STANDARD CHARTERED PLC

(STAN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Standard Chartered : Results of AGM

05/12/2021 | 01:36pm EDT

RESULT OF AGM

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

Wednesday 12 May 2021

Standard Chartered PLC (the 'Company') announces the result of voting on the resolutions at its Annual General Meeting ('AGM') held on Wednesday 12 May 2021, as set out in the Notice of AGM.

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. Resolutions 24 to 29 were passed as special resolutions. The results of the poll were as follows:

Votes

Votes

Total

% of

Resolution

Votes For

%

%

Withheld

ISC

Against

Votes

voted

1. To receive the Company's

annual report and accounts for

the financial year ended

609,538,852

99.65

2,142,527

0.35

1,195,862

611,681,379

78.44

31 December 2020 together with

the reports of the directors and

auditors.

2. To declare a final dividend of

US$0.09 per ordinary share for

612,093,837

99.88

730,828

0.12

52,576

612,824,665

78.59

the year ended 31 December

2020.

3. To approve the annual report

on remuneration contained in the

Directors' Remuneration Report

596,685,018

98.59

8,508,938

1.41

7,673,691

605,193,956

77.61

for the year ended 31 December

2020.

4. To elect Maria Ramos, an

independent non-executive

612,524,940

99.96

219,617

0.04

132,605

612,744,557

78.58

director.

5. To re-elect David Conner, an

independent non-executive

612,613,621

99.97

183,713

0.03

80,656

612,797,334

78.59

director.

6. To re-elect Byron Grote, an

independent non-executive

603,180,974

98.44

9,560,562

1.56

136,844

612,741,536

78.58

director.

7. To re-elect Andy Halford, an

612,370,639

99.93

432,966

0.07

74,780

612,803,605

78.59

executive director.

8. To re-elect Christine Hodgson,

CBE, an independent non-

602,835,750

99.54

2,799,162

0.46

7,243,470

605,634,912

77.67

executive director.

9. To re-elect Gay Huey Evans,

OBE, an independent non-

612,555,113

99.96

235,874

0.04

87,399

612,790,987

78.59

executive director.

10. To re-elect Naguib Kheraj, an

0.43

87,548

612,790,834

78.59

independent non-executive

610,168,899

99.57

2,621,935

director.

11. To re-elect Phil Rivett, an

610,170,782

99.57

2,613,969

0.43

93,629

612,784,751

78.59

independent non-executive

director.

12. To re-elect David Tang, an

612,610,005

99.97

178,117

0.03

90,341

612,788,122

78.59

independent non-executive

director.

13. To re-elect Carlson Tong, an

612,558,604

99.97

173,036

0.03

146,824

612,731,640

78.58

independent non-executive

director.

14. To re-elect José Viñals, as

592,330,407

97.41

15,750,855

2.59

4,797,112

608,081,262

77.98

Group Chairman.

Votes

Votes

Total

% of

Resolution

Votes For

%

%

Withheld

ISC

Against

Votes

voted

15. To re-elect Jasmine

610,132,113

99.57

2,659,434

0.43

86,833

612,791,547

78.59

Whitbread, an independent non-

executive director.

16. To re-elect Bill Winters, CBE,

612,509,039

99.97

196,318

0.03

173,029

612,705,357

78.58

an executive director.

17. To re-appoint Ernst & Young

LLP as auditor to the Company

608,043,361

99.22

4,774,589

0.78

60,512

612,817,950

78.59

from the end of the AGM until the

end of next year's AGM.

18. To authorise the Audit

Committee, acting for and on

612,492,490

99.95

325,492

0.05

60,479

612,817,982

78.59

behalf of the Board, to set the

remuneration of the auditor.

19. To authorise the Company

and its subsidiaries to make

political donations and incur

607,091,493

99.07

5,694,204

0.93

92,231

612,785,697

78.59

political expenditure within the

limits prescribed in the resolution.

20. To approve the 2021

Standard Chartered Share Plan

and authorise the Board to do

604,960,923

98.72

7,867,553

1.28

49,905

612,828,476

78.59

anything it considers necessary

or desirable for its

implementation and operation.

21. To authorise the Board to

594,777,133

97.09

17,853,650

2.91

247,594

612,630,783

78.57

allot ordinary shares.

22. To extend the authority to

allot shares granted pursuant to

resolution 21 by such number

of shares repurchased by the

595,583,468

97.47

15,428,068

2.53

1,866,846

611,011,536

78.36

Company under the authority

granted pursuant to resolution

27.

23. To authorise the Board to

allot shares and grant rights

to subscribe for or to convert any

security into shares in relation to

604,261,847

98.90

6,738,696

1.10

1,877,840

611,000,543

78.36

any issue by the Company of

Equity Convertible Additional Tier

1 Securities.

24. To authorise the Board to

disapply pre-emption rights in

606,899,574

99.33

4,082,895

0.67

1,895,914

610,982,469

78.36

relation to the authority granted

pursuant to resolution 21.

25. In addition to the authority

granted pursuant to resolution

24, to authorise the Board to

disapply pre-emption rights in

597,553,370

97.80

13,467,720

2.20

1,857,291

611,021,090

78.36

relation to the authority

granted pursuant to resolution 21

for the purposes of acquisitions

and other capital investments.

26. In addition to the authorities

granted pursuant to resolutions

24 and 25, to authorise the

Board to disapply pre-emption

rights in relation to the

600,953,095

98.35

10,054,442

1.65

1,870,747

611,007,537

78.36

authority granted, in respect of

Equity Convertible Additional Tier

1 Securities, pursuant to

resolution 23.

Votes

Votes

Total

% of

Resolution

Votes For

%

%

Withheld

ISC

Against

Votes

voted

27. To authorise the Company to

purchase its own ordinary

605,114,743

98.95

6,432,167

1.05

1,330,051

611,546,910

78.43

shares.

28. To authorise the Company to

purchase its own preference

610,465,766

99.82

1,081,957

0.18

1,330,735

611,547,723

78.43

shares.

29. To enable the Company to

call a general meeting other than

an Annual General Meeting on

583,487,507

95.22

29,310,852

4.78

76,146

612,798,359

78.59

no less than 14 clear days'

notice.

As at the date of the AGM, the number of issued ordinary shares of the Company was 3,119,033,863, 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 779,758,465. 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. Directors (excluding independent non-executive directors) and their respective associates were required to abstain, and have abstained, from resolution 21 which affected a total of 719,266 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 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.

For further information, please contact:

Julie Gibson

Global Head, Media Relations 1 Basinghall Avenue London

EC2V 5DD

+44 2078852434

Disclaimer

Standard Chartered plc published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 17:35:03 UTC.


ę Publicnow 2021
All news about STANDARD CHARTERED PLC
10:26aFactbox-Global big banks plot back-to-office plans as vaccines roll out
RE
04:06aSTANDARD CHARTEREDá : Nigeria Plans to Obtain More Loans From China
AQ
06/16EXCLUSIVE : Indonesian e-commerce firm Bukalapak aiming for up to $800 million i..
RE
06/16Indonesian e-commerce firm Bukalapak aiming for up to $800 mln in IPO -source..
RE
06/16HANA FINANCIALá : KEB Hana Bank Files for Singapore Listing of $600 Million Wort..
MT
06/15UNITED OVERSEAS BANKá : Plans Issuance of $452 Million Perpetual Securities
MT
06/15TEMENOSá : Provides Multifonds Platform to StanChart
MT
06/14China Aoyuan Eyes US Dollar Bond Offering for Debt Payments
MT
06/11Saudi Aramco raises $6 billion with debut sukuk
RE
06/11STANDARD CHARTEREDá : Nigerian Govt Ditches China, Seeks $14.4 Billion Rail Loan..
AQ
More news
Financials (USD)
Sales 2021 15 128 M - -
Net income 2021 2 015 M - -
Net Debt 2021 - - -
P/E ratio 2021 7,57x
Yield 2021 3,92%
Capitalization 15 110 M 21 055 M -
Capi. / Sales 2021 1,00x
Capi. / Sales 2022 0,95x
Nbr of Employees 82 084
Free-Float 93,6%
Chart STANDARD CHARTERED PLC
Duration : Period :
Standard Chartered PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STANDARD CHARTERED PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 7,89 $
Last Close Price 4,85 $
Spread / Highest target 109%
Spread / Average Target 62,5%
Spread / Lowest Target 17,9%
EPS Revisions
Managers and Directors
NameTitle
William Thomas Winters Group Chief Executive Officer & Executive Director
Andrew Nigel Halford Group Chief Financial Officer & Executive Director
JosÚ Vi˝als Group Chairman
Michael Gorriz Group Chief Information Officer
David Whiteing Group Chief Operating Officer
Sector and Competitors