Result of AGM

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 Resolutions 1 to 23 were passed as ordinary resolutions with the exception of Resolution 2, which was withdrawn by the Board ahead of the meeting.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 Withheld

Total Votes

% of 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 WITHDRAWN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

 

 


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.
 
END
 
 
RAGKKABPQBKDKPK
UK 100

Latest directors dealings