Standard Chartered Plc today announced that 48,500,000 Placing Shares have been placed at 1375p per share. This means that potentially gross proceeds for Standard Chartered can reach £666.8m.
The shares being offered represent approximately 3.646% of Standard Charteredâ€™s issued ordinary capital prior to placing.
The placing will be conditional on the application for admission of Placing Shares, made today, to the Official List of the UK Listing Authority, and also on it being admitted to the LSEâ€™s market for listed securities.
UK admission is expected to become effective from 8:00am on 4th October 2006, at which point dealings will commence in the Placing Share on the LSE.