Standard Chartered PLC (STAN) has disclosed that Benjamin Hung, the bank's President, International, sold 350,000 ordinary shares on 11 November 2026 at a price of £22.029 per share, according to a Director/PDMR Shareholding notification filed on 12 November 2026. The transaction was executed on the London Stock Exchange and represents an initial notification under UK market disclosure requirements. Investors in the FTSE-listed emerging and international markets bank may be watching the disposal given its scale and the seniority of the executive involved.

Key Points

  • Standard Chartered PLC (STAN), international banking group listed on the London Stock Exchange
  • Benjamin Hung, President, International, sold 350,000 ordinary shares on 11 November 2026
  • Transaction price was £22.029 per share; total consideration was not separately disclosed as a single aggregate sterling figure in the announcement
  • Investors may be watching whether further PDMR transactions are disclosed in the coming weeks

Benjamin Hung's 350,000-Share Sale Filed as Initial PDMR Notification

The notification, filed with the market on 12 November 2026, identifies Benjamin Hung in his capacity as President, International at Standard Chartered PLC. The disclosure is classified as an initial notification rather than an amendment, meaning this represents the first regulatory filing relating to this specific transaction. Under UK and EU-derived market abuse regulations, persons discharging managerial responsibilities and those closely associated with them are required to notify the company and relevant authorities of transactions in the issuer's securities. The shares sold are ordinary shares of US$0.50 each, carrying ISIN GB0004082847.

Transaction Executed at £22.029 on the London Stock Exchange

The sale of 350,000 Standard Chartered ordinary shares was conducted at a single price of £22.029 per share on 11 November 2026, with the transaction taking place on the London Stock Exchange, identified by venue code XLON. The announcement records both the per-share price and volume in the aggregated information section, with no variation in price across the reported volume. Standard Chartered's ordinary shares are denominated in US dollars at US$0.50 par value each, though the transaction was settled in sterling at the stated price. The company did not disclose the executive's remaining shareholding in this announcement.

Standard Chartered's International Banking Franchise and Hung's Role

Standard Chartered PLC is an international banking group with a significant presence across Asia, Africa, and the Middle East, offering corporate, commercial, and retail banking services. Benjamin Hung holds the position of President, International, placing him among the bank's senior leadership. PDMR share sales at this scale can attract investor attention as a signal of executive sentiment, though regulatory disclosures of this nature reflect a range of personal financial motivations and do not, on their own, indicate any change in the company's operational or financial outlook. Standard Chartered has not provided any accompanying commentary on the transaction.