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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
