21st Jul 2006 15:54
Standard Chartered PLC21 July 2006 On 20 July 2006, Standard Chartered PLC (the "Company") was notified by TemasekHoldings (Private) Limited ("Temasek") under Companies Act 1985 that Temasek'swholly-owned subsidiary, Dover Investments Pte Ltd, had completed theacquisition of 152,399,222 ordinary shares in the Company announced on 27 March2006. Temasek's notification also identified the registered holders selling theshares. These shares, together with Temasek's interest of 966,714 sharesnotified on 27 March 2006, represent 11.5 per cent of the issued ordinary sharecapital of the Company. The acquired shares comprised interests within theestate of the late Tan Sri Khoo Teck Puat ("Estate") and interests of GoodwoodPark Hotel Limited ("Goodwood Park") and Glen Holdings (Pte) Limited ("Glen").On 20 July 2006, the Company also received a notification on behalf of theEstate, Goodwood Park and Glen and certain other persons (together, the "Sellers") of the sale of these shares. The Company was also notified on 20 July 2006 that the agreement relating to thesale and purchase contains certain provisions which mean that until 20 January2007, under technical Companies Act provisions, the Sellers are treated asinterested by attribution in ordinary shares in which Temasek is interested andvice versa. The Company was further notified that certain of the Sellers arebeneficially interested in an aggregate of 183,355 ordinary shares.Accordingly, by virtue of the technical Companies Act provisions referred toabove, all of the Sellers and Temasek are treated as interested by attributionin such ordinary shares. For further information, please contact: Sean Farrell, Head, Media Relations+44 20 7280 [email protected] Romy Murray, Head, Investor Relations+44 20 7280 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Standard Chartered