20th Feb 2008 08:23
Standard Chartered PLC20 February 2008 Standard Chartered PLC - Whistlejacket Capital Limited 20 February 2008 Further to our announcement made on 11 February 2008, Standard Chartered haswithdrawn the conditional proposals made to the receiver of WhistlejacketCapital Ltd ("Whistlejacket"). This is as a result of a number of factors,including the pace of continuing deterioration in the market for certain assetclasses and the impracticality of completing any proposal within the confines ofthe receivership as it has evolved. Standard Chartered is disappointed that it has been unable to find a viablesolution to ensure flexibility for Whistlejacket due to these changes incircumstances. For further details please contact: Standard Chartered Stephen Atkinson, Head of Investor RelationsTel: +44 (0) 20 7280 [email protected] Tim Baxter, Head of External CommunicationsTel: +44 (0) 20 7457 [email protected] Note to Editors: Standard Chartered - leading the way in Asia, Africa and the Middle East Standard Chartered PLC, listed on both the London Stock Exchange and the HongKong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by marketcapitalisation. The London-headquartered group has operated for over 150 yearsin some of the world's most dynamic markets, leading the way in Asia, Africa andthe Middle East. Its income and the number of employees have more than doubledover the last five years primarily as a result of organic growth andsupplemented by acquisitions. Standard Chartered aspires to be the best international bank in its markets bybeing the right partner for its stakeholders and leading by example. The groupnow employs over 60,000 people, representing some 100 nationalities, in morethan 1,400 branches located in over 50 countries. The bank generates more than90 per cent of its profits from Asia, Africa and the Middle East, with balancedincome derived from both Wholesale and Consumer Banking. The group is committed to building a sustainable business over the long term andis trusted worldwide for upholding high standards of corporate governance,social responsibility, environmental protection and employee diversity. For moreinformation, please visit: www.standardchartered.com ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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