Result of AGM

RNS Number : 4514Y
Standard Chartered PLC
12 May 2021
 

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:

 

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 2020 together with the reports of the directors and auditors.

609,538,852

99.65

2,142,527

0.35

1,195,862

611,681,379

78.44

2. To declare a final dividend of US$0.09 per ordinary share for the year ended 31 December 2020.

612,093,837

99.88

730,828

0.12

52,576

612,824,665

78.59

3. To approve the annual report on remuneration contained in the Directors' Remuneration Report for the year ended 31 December 2020.

596,685,018

98.59

8,508,938

1.41

7,673,691

605,193,956

77.61

4. To elect Maria Ramos, an independent non-executive director.

612,524,940

99.96

219,617

0.04

132,605

612,744,557

78.58

5. To re-elect David Conner, an independent non-executive director.

612,613,621

99.97

183,713

0.03

80,656

612,797,334

78.59

6. To re-elect Byron Grote, an independent non-executive director.

603,180,974

98.44

9,560,562

1.56

136,844

612,741,536

78.58

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

612,370,639

99.93

432,966

0.07

74,780

612,803,605

78.59

8. To re-elect Christine Hodgson, CBE, an independent non-executive director.

602,835,750

99.54

2,799,162

0.46

7,243,470

605,634,912

77.67

9. To re-elect Gay Huey Evans, OBE, an independent non-executive director.

612,555,113

99.96

235,874

0.04

87,399

612,790,987

78.59

10. To re-elect Naguib Kheraj, an independent non-executive director.

610,168,899

99.57

2,621,935

0.43

 

87,548

 

612,790,834

 

78.59

 

11.  To re-elect Phil Rivett, an independent non-executive director.

610,170,782

 

99.57

 

2,613,969

 

0.43

 

93,629

 

612,784,751

 

78.59

 

12.  To re-elect David Tang, an independent non-executive director.

612,610,005

 

99.97

 

178,117

 

0.03

 

90,341

 

612,788,122

 

78.59

 

13.  To re-elect Carlson Tong, an independent non-executive director.

612,558,604

 

99.97

 

173,036

 

0.03

 

146,824

 

612,731,640

 

78.58

 

14.  To re-elect José Viñals, as Group Chairman.

592,330,407

 

97.41

 

15,750,855

 

2.59

 

4,797,112

 

608,081,262

 

77.98

 

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

610,132,113

 

99.57

 

2,659,434

 

0.43

 

86,833

 

612,791,547

 

78.59

 

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

612,509,039

99.97

196,318

0.03

173,029

612,705,357

78.58

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

608,043,361

99.22

4,774,589

0.78

60,512

612,817,950

78.59

18. To authorise the Audit Committee, acting for and on

behalf of the Board, to set the remuneration of the auditor.

612,492,490

99.95

325,492

0.05

60,479

612,817,982

78.59

19. To authorise the Company and its subsidiaries to make political donations and incur political expenditure within the limits prescribed in the resolution.

607,091,493

99.07

5,694,204

0.93

92,231

612,785,697

78.59

20. To approve the 2021 Standard Chartered Share Plan and authorise the Board to do

anything it considers necessary or desirable for its implementation and operation.

604,960,923

98.72

7,867,553

1.28

49,905

612,828,476

78.59

21. To authorise the Board to allot ordinary shares.

594,777,133

97.09

17,853,650

2.91

247,594

612,630,783

78.57

22. To extend the authority to allot shares granted pursuant to resolution 21 by such number

of shares repurchased by the Company under the authority granted pursuant to resolution 27.

595,583,468

97.47

15,428,068

2.53

1,866,846

611,011,536

78.36

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 by the Company of Equity Convertible Additional Tier 1 Securities.

604,261,847

98.90

6,738,696

1.10

1,877,840

611,000,543

78.36

24. To authorise the Board to disapply pre-emption rights in relation to the authority granted pursuant to resolution 21.

606,899,574

99.33

4,082,895

0.67

1,895,914

610,982,469

78.36

25. In addition to the authority granted pursuant 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.

597,553,370

97.80

13,467,720

2.20

1,857,291

611,021,090

78.36

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

authority granted, in respect of Equity Convertible Additional Tier 1 Securities, pursuant to resolution 23.

600,953,095

98.35

10,054,442

1.65

1,870,747

611,007,537

78.36

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

605,114,743

98.95

6,432,167

1.05

1,330,051

611,546,910

78.43

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

610,465,766

99.82

1,081,957

0.18

1,330,735

611,547,723

78.43

29. To enable the Company to call a general meeting other than an Annual General Meeting on no less than 14 clear days' notice.

583,487,507

95.22

29,310,852

4.78

76,146

612,798,359

78.59

 

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

 

 

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