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DIRECTOR DEALINGS: Standard Chartered Non-Executive Acquires Shares

June 26, 2014

Arvind Bhunjun

LONDON (Alliance News) - Standard Chartered PLC Wednesday said Non-Executive Director Simon Lowth acquired 44 shares as part of a monthly share purchase at a price of GBP12.07 per share.

Following this transaction, Lowth now holds 10,561 shares.

The bank's shares closed down 4.3% at 1,203.00 pence Thursday, making it the second-biggest faller on the FTSE 100, after it earlier said it expects its first-half operating profit to be down by about 20% when it reports its interim results in August, hit by a poor performance in its financial markets business.

It said that it also expects its first-half income to be down by a mid single-digit percentage from a year before, hit by an increase in loan impairments and a tough time in India, Korea and Singapore offsetting income growth in China and Africa.

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Source: Alliance News

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