Result of AGM

RNS Number : 5592N
Standard Chartered PLC
09 May 2018
 

RESULT OF AGM

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

Wednesday 9 May 2018

 

Standard Chartered PLC (the 'Company') announces the result of voting on the resolutions at its Annual General Meeting ('AGM') held on Wednesday 9 May 2018, 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 22 were passed as ordinary resolutions, and resolutions 23 to 28 were passed as special resolutions. The results of the poll were as follows:

 

Resolution

Votes For

%

Votes Against

%

Votes Withheld

Total Votes

% of ISC voted

1. To receive the Company's annual report and accounts for the financial year ended 31 December 2017 together with the reports of the directors and auditors

661,150,023

 

99.89

 

728,956

0.11

1,256,354

661,878,979

80.17

2. To declare a final dividend of 11 US cents per ordinary share for the year ended 31 December 2017

662,583,671

 

99.94

 

411,726

0.06

139,722

662,995,397

80.31

3. To approve the annual report on remuneration for the year ended 31 December 2017

629,891,075

 

96.66

 

21,735,458

3.34

11,506,710

651,626,533

78.93

4. To elect Dr Ngozi Okonjo-Iweala, a non-executive director

662,612,450

 

99.95

 

338,750

0.05

184,953

662,951,200

80.30

5. To re-elect Om Bhatt, a non-executive director

631,960,516

 

96.40

 

23,571,665

3.60

7,604,135

655,532,181

79.40

6. To re-elect Dr Louis Cheung, a non-executive director

657,177,750

 

99.13

 

5,779,746

0.87

178,821

662,957,496

80.30

7. To re-elect David Conner, a non-executive director

660,552,911

 

99.64

 

2,406,435

0.36

176,974

662,959,346

80.30

8. To re-elect Dr Byron Grote, a non-executive director

657,096,187

 

99.11

 

5,871,931

0.89

168,204

662,968,118

80.30

9. To re-elect Andy Halford, an executive director

658,478,236

 

99.32

 

4,489,530

0.68

168,631

662,967,766

80.30

10. To re-elect Dr Han Seung-soo, KBE, a non-executive director

660,537,618

 

99.63

 

2,430,953

0.37

167,624

662,968,571

80.30

11. To re-elect Christine Hodgson, a non-executive director

646,667,550

 

98.60

 

9,180,551

1.40

7,288,089

655,848,101

79.44

12. To re-elect Gay Huey Evans, OBE, a non-executive director

662,063,204

 

99.86

 

903,453

0.14

169,253

662,966,657

80.30

13. To re-elect Naguib Kheraj, a non-executive director

659,163,289

 

99.43

 

3,804,046

0.57

168,860

662,967,335

80.30

14. To re-elect José Viñals as Group Chairman

659,667,999

 

99.50

3,301,204

0.50

166,992

662,969,203

80.30

15. To re-elect Jasmine Whitbread, a non-executive director

661,943,298

 

99.85

1,018,758

0.15

174,139

662,962,056

80.30

16. To re-elect Bill Winters, an executive director

662,002,863

 

99.86

915,097

0.14

218,235

662,917,960

80.30

17. To re-appoint KPMG LLP as auditor to the Company from the end of the AGM until the end of next year's AGM

651,155,415

 

98.93

7,052,924

1.07

4,824,600

658,208,339

79.73

18. To authorise the Audit Committee to determine the remuneration of the Auditor

659,433,344

 

99.46

3,549,631

0.54

146,675

662,982,975

80.30

19. To authorise the Company and its subsidiaries to make political donations

653,264,290

 

98.55

9,641,642

1.45

222,189

662,905,932

80.29

20. To authorise the Board to allot shares

638,733,996

 

96.38

24,001,448

3.62

394,198

662,735,444

80.27

21. To extend the authority to allot shares by such number of shares repurchased by the Company under the authority granted pursuant to resolution 26

638,902,236

 

96.85

20,792,760

3.15

3,434,644

659,694,996

79.91

22. 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

649,345,468

 

98.43

10,334,549

1.57

3,449,627

659,680,017

79.90

23. To authorise the Board to disapply pre-emption rights in relation to authority granted pursuant to resolution 20

656,597,788

 

99.54

3,042,725

0.46

3,488,647

659,640,513

79.90

24. In addition to resolution 23, to authorise the Board to

disapply pre-emption rights in relation to the authority

granted pursuant to resolution 20 for the purposes of acquisitions and other capital investments.

636,620,312

 

96.43

23,600,984

3.57

3,447,874

660,221,296

79.97

25. To authorise the Board to disapply pre-emption rights in relation to authority granted pursuant to resolutions 23 and 24 and if resolution 22 is passed

642,664,850

 

97.43

16,976,653

2.57

3,487,647

659,641,503

79.90

26. To authorise the Company to purchase its own ordinary shares

655,773,730

 

98.99

6,691,454

1.01

663,663

662,465,184

80.24

27. To authorise the Company to purchase its own preference shares

660,642,964

 

99.73

1,818,359

0.27

668,050

662,461,323

80.24

28. That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice

632,092,060

 

95.35

30,837,424

4.65

200,218

662,929,484

80.30

 

As at the date of the AGM, the number of issued ordinary shares of the Company was 3,302,379,673 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 825,594,918. 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 20. Executive directors of the Company and their associates were required to abstain from resolution 20 which affected a total of 324,965 voting rights. The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

 

The 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 http://www.morningstar.co.uk/uk/NSM.


This information is provided by RNS
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