REG - Standard Chrtrd PLC - Share Buy-Back

Standard CharteredAnnouncement

24/02/2025 10:00

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RNS Number : 2067Y  Standard Chartered PLC  24 February 2025

STANDARD CHARTERED PLC

24 FEBRUARY 2025

SHARE BUY-BACK

Standard Chartered PLC ("SC") announces that, as noted in its announcement on
21 February 2025, it will commence buying-back ordinary shares of US$0.50 each
(the "Ordinary Shares") for up to a maximum aggregate amount of
US$1,500,000,000 (the "Buy-back"). The purpose of the Buy-back is to reduce
SC's share capital.

SC has entered into a non-discretionary agreement with J.P. Morgan Securities
plc ("JPMS plc") to enable the purchase of Ordinary Shares by JPMS plc, acting
as principal, during the period running from 25 February 2025 until and
including 21 August 2025 (subject to no regulatory objections or concerns
arising), for an aggregate purchase price of up to, but no greater than,
US$1,500,000,000 and the on-sale of such Ordinary Shares by JPMS plc to SC.

The maximum number of Ordinary Shares that can be purchased under the Buy-back
is 250,000,000 Ordinary Shares (save that any purchases shall not exceed the
amount that represents SC's available general authority to purchase Ordinary
Shares as granted by its shareholders from time to time). JPMS plc will make
their trading decisions in relation to the Ordinary Shares independently of
SC.

Any purchases of Ordinary Shares will be carried out on the London Stock
Exchange and/or Cboe Europe (through the BXE and CXE order books), and/or any
other UK recognised investment exchange which may be agreed, in accordance
with pre-set parameters and in accordance with (and subject to limits
prescribed by) SC's general authority to purchase Ordinary Shares as granted
by its shareholders from time to time, Chapter 9 of the Financial Conduct
Authority's Listing Rules, Article 5(1) of Regulation (EU) No. 596/2014 (as
incorporated into UK domestic law by the European Union (Withdrawal) Act
2018), Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK
domestic law by the European Union (Withdrawal) Act 2018), the Rules Governing
the Listing of Securities on the Stock Exchange of Hong Kong Limited and the
Hong Kong Codes on Takeovers and Mergers and Share Buy-Backs. For the
avoidance of doubt, no purchases of Ordinary Shares will be carried out on the
Stock Exchange of Hong Kong. Ordinary Shares purchased under the Buy-back will
be cancelled.

For further information, please contact:

Manus Costello, Group Head, Investor
Relations:                      +44 (0) 20 7885 0017

Shaun Gamble, Director, Group Media
Relations:                      +44 (0) 20 7885 5934

 

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