Slaughter and May is advising Standard Chartered PLC on an on market share buy-back programme being conducted on the London Stock Exchange

Slaughter and May is advising Standard Chartered PLC (Standard Chartered) on an on market share buy-back programme being conducted on the London Stock Exchange of up to US$1 billion in value of its US$0.50 ordinary shares. The Programme commenced on 2 May 2019 and will run until the earlier to occur of (i) the repurchase of US$1 billion in value of the shares and (ii) 31 December 2019. Standard Chartered has entered into non-discretionary mandate letters with each of Merrill Lynch International and J.P. Morgan Securities plc to act as brokers in relation to the Programme.