Standard Chartered PLC — AGM Information 2018

May 9, 2018

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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

The company news service from the London Stock Exchange

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