REG - Standard Chrtrd PLC - Notice to ADR Holders of 6.409% Preference Shares

Standard CharteredAnnouncement

12/04/2024 14:15

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RNS Number : 4916K  Standard Chartered PLC  12 April 2024

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ANNOUNCEMENT.

12 April 2024

STANDARD CHARTERED PLC
(a public limited company incorporated in England and Wales)

Announcement on the commencement of proceedings in relation to Standard
Chartered PLC's 6.409% non-cumulative redeemable preference shares (the
"6.409% Preference Shares") represented by American Depositary Shares ("ADSs")

On 27 March 2024, Standard Chartered PLC (the "Company") announced its
intention to commence proceedings in the High Court of Justice of England and
Wales to seek a binding declaration on the use of an alternative benchmark
rate to calculate the dividend rate payable on the 6.409% Preference Shares
(the "Proceedings").

In accordance with that announcement, the Company has commenced the
Proceedings in the Financial List and will request that the Proceedings be
heard on an expedited basis.

The Company has provided the holders of the ADSs with additional information
about the Proceedings, which is available on the Company's website at
https://www.sc.com/en/investors/credit-ratings-fixed-income/capital-securities-in-issue/
(https://www.sc.com/en/investors/credit-ratings-fixed-income/capital-securities-in-issue/)
. The Company invites the holders of the ADSs to notify it using the contact
details provided below if they intend to participate in the Proceedings.

The Company does not, at this stage, intend to comment further on the
Proceedings.

Debt Investor Relations

Email: Investor.Relations@sc.com (mailto:Investor.Relations@sc.com)

Tel: +44 207 885 8888

 

Debt Capital Markets
Email: Primary.Debt@sc.com (mailto:Primary.Debt@sc.com) /
SCBCapitalMarketsNotice@sc.com (mailto:SCBCapitalMarketsNotice@sc.com)

Tel: +44 207 885 8888

 

Group Media Relations

Shaun Gamble

Email: shaun.gamble@sc.com (mailto:shaun.gamble@sc.com)

Tel: +44 7766 443 662

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