Business
Publication of Consent Solicitation Memorandum
Publication of Consent Solicitation Memorandum.
About this update from Standard Chartered Plc
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (A) IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE \"UNITED STATES\" OR THE \"U.S.\") OR TO ANY \"U.S. PERSON\" AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE \"SECURITIES ACT\") (\"REGULATION S\"), OTHER THAN A \"QUALIFIED INSTITUTIONAL BUYER\" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (\"RULE 144A\") OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n \n \n THIS ANNOUNCEMENT IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF SECURITYHOLDERS. IF ANY SECURITYHOLDER IS IN ANY DOUBT ABOUT THE CONTENTS OF THIS ANNOUNCEMENT OR AS TO WHAT ACTION IT SHOULD TAKE, IT SHOULD SEEK ITS OWN FINANCIAL ADVICE IMMEDIATELY FROM ITS STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, IF RESIDENT IN THE UNITED KINGDOM OR, IF NOT, FROM ANOTHER APPROPRIATELY AUTHORISED FINANCIAL ADVISER.\n \n \n \n \n Standard Chartered PLC\n \n \n 8 November\n \n \n 2022\n \n \n \n \n STANDARD CHARTERED PLC\n \n \n (a public limited company incorporated in England and Wales)\n \n (the \"Company\")\n \n \n \n Publication of Consent Solicitation Memorandum\nand Notices of Class Meeting\n \n \n \n The Company today announces its proposal to amend the terms and provisions of its two series of U.S. dollar preference shares to provide for a new methodology for calculating the amount of dividends payable on those preference shares during floating rate dividend periods by reference to SOFR (as defined below) from a specified transition date for each such series of preference shares (subject to certain conditions), and other related amendments (the \"Proposals\"). This announcement does not contain the full terms and conditions of the Proposals, which are contained in the Consent Solicitation Memorandum and Notices of Class Meeting dated 8 November 2022 (the \"Consent Solicitation Memorandum\") prepared by the Company, which has been made available to holders of suc...